XRP holds above $1 after leverage flush as network activity improves

3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP is holding near the $1 level as leverage-heavy selling has been flushed out, with open interest collapsing from about $1.3 billion to under $150 million.Network and institutional signals have improved, with daily active addresses up roughly 72 percent since mid-June and XRP spot ETFs drawing $15.34 million in inflows on June 29 despite weak broader crypto sentiment.Traders are focused on whether $1 support and the $1.0250-$1.0350 zone can continue to hold while XRP attempts to break above resistance at $1.0460 and, more decisively, the $1.08-$1.10 area.XRP is still pinned near $1, but the selling pressure is no longer coming from the same crowded leverage that drove the earlier decline. The token slipped 1% over the session, then bounced from support as open interest fell sharply, long positions were flushed and network activity continued to improve. That leaves traders watching whether the $1 base can hold long enough for buyers to challenge $1.08-$1.10. • XRP daily active addresses rose from about 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. • Open interest has fallen from a $1.3 billion peak to below $150 million, removing a large part of the leveraged positioning built during earlier rallies. • Long liquidations jumped 832% above their three-month average, with $6.7 million flushed from leveraged positions in a single candle. • XRP spot ETFs logged $15.34 million in inflows on June 29, extending a streak of institutional demand even as broader crypto sentiment stayed weak. • XRP fell from $1.0476 to $1.0366 during the 24-hour session, losing 1.05%. • The token traded in a narrow $1.0201-$1.0476 range while continuing to hold above the $1.00 psychological support level. • Selling pressure broke support near $1.0350 during the June 30 session before XRP tested $1.0249 and stabilized. • Buyers stepped in near the lows, with volume rising to 92.73 million XRP at 01:00 UTC, about 134% above the 24-hour average. • A late rebound pushed XRP from $1.024 to $1.038, with volume spiking to 3.88 million during the break above $1.032 resistance. • The key development is that XRP continues to defend the $1.00 area even as sentiment across crypto remains weak. • The leverage reset improves the short-term setup. Open interest has collapsed, funding rates have turned negative and forced liquidations have cleared out crowded long positions. • The bounce from $1.02 showed buyers are still active near support, but the move has not yet reclaimed the levels needed to shift momentum higher. • XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52. • The 14-day RSI has recovered to about 33, showing selling pressure has eased, but momentum remains weak and below neutral levels. • Bollinger Bands have narrowed after June’s selloff, pointing to lower volatility, but XRP still needs to reclaim the middle band near $1.12 to show a stronger recovery. What traders should watch• $1.00 remains the key support level. A daily close below it would put $0.90-$0.85 back in focus. • $1.0250-$1.0350 is the immediate support zone after holding multiple tests during the session. • $1.0460 is the first resistance level after capping the 24-hour range. • $1.08-$1.10 is the next meaningful hurdle, with a reclaim there needed before traders can talk about a stronger recovery. • Until XRP breaks above $1.10 or loses $1.00, the market remains a support-defense trade with improving network data but no confirmed technical turn. 1Taiwan’s sweeping crypto law raises the bar with licensing, reserve mandates, and tough penalties40 minutes ago2U.S. senators seek to block foreign adversaries from AI technology in new bill6 hours ago3Trump pocketed more than $1 billion from crypto ties as industry headed toward slump7 hours ago4Phantom doubles down on perpetual futures with hire of Hyperliquid market builders8 hours ago5Companies spending the most on AI are growing jobs, Ramp study finds9 hours ago6Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption11 hours ago7SEC giving novel ETFs a rethink as it opens comment period on overhauling U.S. rules11 hours ago8Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud 13 hours ago9Jefferies warns of crypto market volatility as Clarity Act faces Senate test15 hours ago10Circle craters 17% as Stripe, Coinbase and BlackRock back rival stablecoin network15 hours agoLatest Research Building the Zcash Machine: Tachyon and Quantum ReadinessBuilding the Zcash Machine: Tachyon and Quantum ReadinessZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Zcash’s Tachyon upgrade aims to

XRP holds above $1 after leverage flush as network activity improves

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