XRP is holding above $1 with modest gains but stays trapped in a range below resistance near $1.10. On-chain and fund data are improving — daily active addresses climbed 72% in two weeks and spot ETFs logged an eighth straight week of inflows — while a sharp leverage reset cleared out crowded long positions. Price still sits below major moving averages, so the recovery is not confirmed.
XRP is no longer carrying the crowded leverage that drove its selloff from the highs, yet buyers have not done enough to change the chart. The token held above $1 and rose 1.59%, moving from $1.0451 to $1.0544 over the 24-hour session, while network activity and ETF inflows kept building.
Network use and ETF flows climb
The on-chain picture is running ahead of the price. Daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% jump in two weeks. The heaviest burst came on June 29 at 17:00, when volume reached 86.5 million XRP, about 67% above the 24-hour average.
Fund flows point the same way. XRP spot ETFs recorded an eighth consecutive week of inflows, lifting cumulative inflows to $144.7 million even as broader crypto funds weakened. On June 26 alone, XRP ETFs added $15.6 million in net inflows while bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million.
Leverage clears out
The positioning behind the earlier rally has unwound. Open interest across major exchanges fell below 150 million from a 1.3 billion peak, funding turned negative and forced long liquidations cleared out crowded positioning. That gives traders a cleaner setup, but XRP still trades below major moving averages even after a 19% monthly decline.
The range that has to break
XRP remains capped near $1.10, with larger barriers at the 50-day EMA around $1.20 and the 100-day EMA around $1.31. The 4-hour RSI has recovered from oversold territory to 46, still below the neutral 50 mark. A break below $1.00 would put $0.90-$0.87 back in focus, while reclaiming $1.20 would be the first real sign the token is shifting from defending support to recovering.
Source: CoinDesk
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