XRP remained above the key $1 level after leveraged long positions were flushed from the market. Rising active addresses and spot ETF inflows offered positive signals, though technical momentum remained weak.
XRP remained above the key $1 level after leveraged long positions were flushed from the market. Rising active addresses and spot ETF inflows offered positive signals, though technical momentum remained weak.
The price defense followed a substantial reduction in leveraged exposure. Open interest has dropped from a peak of about $1.3 billion to below $150 million, while long liquidations surged 832% above their three-month average and removed $6.7 million in positions during a single candle.
XRP held above the psychologically important $1 level after falling 1.05% during the 24-hour session. The token traded between $1.0201 and $1.0476, stabilizing after buyers emerged near the lower end of that range.
The price defense followed a substantial reduction in leveraged exposure. Open interest has dropped from a peak of about $1.3 billion to below $150 million, while long liquidations surged 832% above their three-month average and removed $6.7 million in positions during a single candle.
Network and institutional indicators also improved. Daily active addresses rose roughly 72%, from about 23,000 on June 14 to nearly 39,500 on June 27, while XRP spot exchange-traded funds recorded $15.34 million of inflows on June 29 despite weak sentiment across the broader crypto market.
Trading volume climbed as XRP approached session lows, reaching 92.73 million tokens at 01:00 UTC—about 134% above the 24-hour average. A later rebound carried the asset from approximately $1.024 to $1.038.
The technical picture nevertheless remains unsettled. XRP is below its major moving averages, and its 14-day relative strength index of about 33 signals that momentum is still weak. The $1.0250–$1.0350 area provides immediate support, while $1.0460 is the first resistance; a move through $1.08–$1.10 would be needed to establish a clearer recovery.
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