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XRP rises 3-4% as Ripple's escrow unlock meets whale accumulation and XRPL DeFi plans boost optimism

Market News
02 Jul 2026
Tokenpost
View Source
Bullish
pluang ai news

XRP price rose about 3-4% intraday to around $1.08-$1.10 following Ripple's July escrow release of 1 billion XRP, though 70% was re-escrowed, limiting net supply impact. Large withdrawals from exchanges like Binance and Coinbase signaled whale accumulation, reducing sell-side liquidity and supporting price. Additionally, Ripple's proposed XRPL Lending Protocol aims to enhance institutional DeFi use, adding bullish sentiment. Despite the rally, XRP remains below key technical resistance levels, with traders watching regulatory developments and technical support zones for further direction.

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