Seven days of green. Then this. XRP dropped 2.3%, tagged $1.11, and bounced. One red candle does not kill a rally. But it does ask the rally a question, and the answer is due at $1.11.
XRP trades at $1.13 as of July 7, 2026, down 2.3% over 24 hours, per CoinGecko. The day’s range: $1.11 to $1.16. Market cap $70.29 billion, still the sixth-largest asset in crypto. Volume did not go quiet during the dip. $1.44 billion changed hands in 24 hours. Sellers showed up. Buyers met them at $1.11.
The Unique Angle: the first pullback, and where it stopped
Zoom out one week and the red day shrinks. XRP is still up 8.1% over seven days, one of the stronger prints in the top 10, behind only ETH’s 11.7% and SOL’s 10%. Today was not a trend change. It was the first profit-taking session of the move, and the location of the bounce is the actual news.
The intraday chart tells it plainly. XRP opened near $1.15, bled through the European session, knifed to $1.11 around 15:00, and reversed. No panic wick below. No cascade. The dip found bids exactly where a healthy uptrend should find them: at the top of the old range, roughly where the breakout started. Also worth saying: XRP fell 2.7% against Bitcoin today. The pullback is partly rotation back into BTC, not just XRP weakness. That distinction matters for what comes next.
The other side. First pullbacks are also where failed rallies announce themselves. A bounce on day one proves nothing until it holds on day two. If $1.11 gives way tomorrow, this stops being a dip and starts being a top. Both readings are live. The level decides.
The One Number That Matters
$42.6 billion. That is the gap between XRP’s fully diluted valuation ($112.91 billion) and its market cap ($70.29 billion).
Translation: 62.24 billion XRP circulate today out of a 100 billion maximum. Nearly 38 billion tokens, most of them in escrow, sit outside the market and are released on a schedule. At today’s price, that is a supply overhang worth 42.6 billion dollars standing behind every rally. It does not sell all at once, and much of each monthly release historically goes back into escrow. But it is the structural reason XRP rallies carry a built-in headwind that Bitcoin’s do not: the float grows. Anyone modeling XRP at three dollars is really modeling demand strong enough to absorb both the market and the schedule. On the constructive side, CoinGecko’s treasury tracker shows about 473.3 million XRP held in corporate treasuries, a small but real pool of supply that has chosen to sit still.
Key Levels
Support: $1.11, today’s low and the line the bounce drew. Below it, the round $1.00, which is more psychology than chart but XRP has respected round numbers forever. Resistance: $1.16, today’s high. Reclaim it and the pullback is finished business. The map is narrow. $1.11 to $1.16. Five cents decide the week.
Supporting Context
The pullback landed on a green board, which cuts both ways. Bitcoin held near $63,300, up 6.4% on the week. Ethereum led the majors at +11.7%. When the market rises and one major falls, the simplest explanation is usually the right one: XRP outran the pack early, and today the pack collected the spread. Rotation, not rejection. Unless $1.11 breaks, in which case rewrite that sentence.
Seasonality watchers will also note the calendar. July has historically been kind to XRP; this site has covered that pattern before, including the outsized July 2020 gain of 48%. Patterns are not promises. They are context. A 2.3% dip on July 7 does not repeal a monthly tendency, and a monthly tendency does not guarantee a green close. Hold both thoughts.
Bottom Line
One red day after seven green ones is maintenance, not damage. The bounce at $1.11 was clean, the volume stayed real at $1.44 billion, and the weekly gain of 8.1% is intact. The bear case needs a close below $1.11 to exist. The bull case needs $1.16 back to resume. Until one of those happens, this is a rally catching its breath. XRP is at $1.13. Down on the day. Up on the week. Still above the line that matters.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions
What is the XRP price today?
XRP trades at $1.13 as of July 7, 2026, down 2.3% over 24 hours, with a market cap of $70.29 billion and $1.44 billion in daily volume.
Why is XRP down today?
The data points to profit-taking after an 8.1% weekly gain and rotation back toward Bitcoin: XRP fell 2.7% against BTC while the broader market stayed green. The dip stopped at $1.11 and bounced.
Is the XRP rally over?
Not on this evidence. The weekly uptrend is intact and the first pullback held support at $1.11. A daily close below $1.11 would be the first real warning; reclaiming $1.16 would resume the move.
How much XRP is in circulation?
About 62.24 billion XRP out of a 100 billion maximum supply. Roughly 38 billion tokens remain outside circulation, most held in scheduled escrow releases.
What is XRP’s fully diluted valuation?
About $112.91 billion at today’s price, versus a $70.29 billion market cap. The $42.6 billion gap represents the value of tokens not yet in circulation.
Can XRP hold above $1?
$1 is the major psychological floor and sits below the nearer support at $1.11. As long as $1.11 holds on a closing basis, the $1 question stays academic.
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