Key facts
- XRP is holding its $1 support level.
- XRP is trading below key resistance at $1.10.
- Daily active addresses on the XRP network increased by 72% in two weeks.
- XRP spot ETFs have seen inflows for eight consecutive weeks.
- Leverage in the XRP market has decreased significantly.
- Crowded long positions have been cleared.
XRP is currently maintaining its $1 support level, demonstrating modest gains in its market performance. This resilience is occurring despite the cryptocurrency trading below a key resistance point situated at $1.10. A significant surge in network activity has been observed, with daily active addresses on the XRP network increasing by 72% over the past two weeks. Concurrently, XRP spot Exchange Traded Funds (ETFs) have attracted inflows for eight consecutive weeks, indicating sustained investor interest. Furthermore, leverage within the XRP market has decreased substantially, which has effectively cleared out crowded long positions. This reduction in leverage is seen as a positive development, potentially paving the way for more stable price action.