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.
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