XRP is no longer getting hit by the same crowded leverage that drove the selloff from its highs, but buyers still have not done enough to change the chart.
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.
• XRP spot ETFs recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million despite broader weakness across crypto funds.
• XRP ETFs added $15.6 million in net inflows on June 26, while bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million.
• XRP rose from $1.0451 to $1.0544 during the 24-hour session, gaining 1.59%.
• The token traded in a $0.0435 range and continued to hold above the $1.00 psychological support level.
• The main burst of activity came on June 29 at 17:00, when volume reached 86.5 million XRP, about 67% above the 24-hour average.
• Price later consolidated between $1.03 and $1.06, leaving the market range-bound rather than in a confirmed recovery.
• The key development is that XRP continues to defend $1.00 even after a 19% monthly decline.
• The leverage reset improves the setup. Open interest has fallen sharply, funding has turned negative and forced long liquidations have cleared out crowded positioning.
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