XRP price news: Ripple-linked token holds $1 as network activity improves

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.

• $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.

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