XRP Defends $1 as Leverage Eases and Network Activity Rises

XRP held above the psychologically important $1 level after falling 1.05% during the 24-hour session. The token traded between $1.0201 and $1.0476, stabilizing after buyers emerged near the lower end of that range.

The price defense followed a substantial reduction in leveraged exposure. Open interest has dropped from a peak of about $1.3 billion to below $150 million, while long liquidations surged 832% above their three-month average and removed $6.7 million in positions during a single candle.

Network and institutional indicators also improved. Daily active addresses rose roughly 72%, from about 23,000 on June 14 to nearly 39,500 on June 27, while XRP spot exchange-traded funds recorded $15.34 million of inflows on June 29 despite weak sentiment across the broader crypto market.

Trading volume climbed as XRP approached session lows, reaching 92.73 million tokens at 01:00 UTC—about 134% above the 24-hour average. A later rebound carried the asset from approximately $1.024 to $1.038.

The technical picture nevertheless remains unsettled. XRP is below its major moving averages, and its 14-day relative strength index of about 33 signals that momentum is still weak. The $1.0250–$1.0350 area provides immediate support, while $1.0460 is the first resistance; a move through $1.08–$1.10 would be needed to establish a clearer recovery.