Key facts
- XRP is holding its $1 support level.
- XRP is trading below key resistance at $1.10.
- Daily active addresses for XRP have increased by 72% in two weeks.
- XRP spot ETFs have seen inflows for eight consecutive weeks.
- Leverage in the XRP market has significantly decreased.
- Crowded long positions have been cleared.
XRP is currently maintaining its crucial $1 support level, demonstrating modest gains in its trading price. The cryptocurrency is positioned below a key resistance point at $1.10. Significant growth in network activity has been observed, with daily active addresses experiencing a 72% surge over the last two weeks. This period also marks eight consecutive weeks of inflows into XRP spot Exchange Traded Funds (ETFs). Concurrently, leverage within the XRP market has decreased substantially, which has helped to clear out crowded long positions. This combination of factors suggests a healthier market dynamic for XRP, with increased user engagement and sustained investor interest through ETFs, while reducing speculative excess.