XRP Trades Near $1.05 as July Seasonality Meets Year-Long Falling Channel

XRP (XRP) is trading near $1.05, caught between a year-long downtrend and a burst of buying. According to BeInCrypto, July has historically been one of XRP’s strongest months, with an average return near 10% and a median close to 11%, as exchange outflows and steady institutional flows build. On-chain data shows exchange net position change turning sharply negative, from about 40.7 million XRP on June 22 to roughly 123 million XRP. XRP ETF inflows have been positive for eight straight weeks, with the week of June 26 adding $22.99 million and cumulative net inflows near $1.47 billion. Key levels include resistance at $1.18 and $1.22, with support near $1.02 and downside risk toward $0.87.