Key facts
- XRP is holding above the $1 support level.
- Daily active addresses for XRP increased by 72% in two weeks.
- Leveraged positions in XRP have sharply decreased.
- XRP spot ETFs have experienced eight consecutive weeks of inflows.
- XRP saw net inflows of $15.6 million on June 26.
XRP is currently trading above the critical $1 support level, showing modest gains but remaining below resistance near $1.10. This stability comes as network activity shows significant improvement, with daily active addresses rising 72% over the past two weeks. Furthermore, XRP spot Exchange-Traded Funds (ETFs) have recorded eight consecutive weeks of inflows, totaling $144.7 million, with $15.6 million added on June 26 alone. This contrasts with outflows seen in Bitcoin and Ether ETFs on the same day.
Leverage in the XRP market has been substantially reduced, with open interest across major exchanges falling from a peak of $1.3 billion to below 150 million. This clearing of crowded long positions has improved the technical setup, though the price has yet to confirm a recovery, remaining below key moving averages. Despite the stronger on-chain metrics and continued ETF interest, XRP's price action is currently range-bound between $1.03 and $1.06, with the 4-hour RSI recovering from oversold territory but still below the neutral 50 level.
Traders are closely watching the $1.00 support level, with a break below potentially re-focusing attention on $0.90-$0.87. Immediate resistance is seen at $1.06, followed by the $1.09-$1.10 range. A reclaim of $1.20 would signal a more significant shift towards recovery.