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XRP holds $1 support as network activity rises and leverage clears out
Key takeaways
- The token held above $1 and edged higher during the session, while network activity rose sharply and ETF inflows continued.
- • XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks.
- • Open interest across major exchanges fell below 150 million from a 1.3 billion peak, removing a large share of the leveraged positioning that had built up during XRP’s earlier rally.
The token held above $1 and edged higher during the session, while network activity rose sharply and ETF inflows continued. That leaves traders watching whether improving usage and cleaner positioning can finally turn into a move back above $1.10.
• XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks.
• Open interest across major exchanges fell below 150 million from a 1.3 billion peak, removing a large share of the leveraged positioning that had built up during XRP’s earlier rally.
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