XRP Defends $1 Level as On-Chain Activity Strengthens and Leverage Resets

Active addresses have surged 72% over the past two weeks, while open interest has dropped to its lowest level since July 2025, creating a cleaner market structure even though price remains stuck below key resistance.

XRP is no longer weighed down by the same heavy leveraged positioning that fueled its earlier decline, but buyers have yet to generate enough momentum to shift the overall chart structure.

The token has managed to hold above the $1 level while posting modest gains, supported by rising network activity and continued ETF inflows. Traders are now watching to see whether stronger usage and reduced leverage can translate into a breakout above $1.10.

News background:
Daily active XRP addresses climbed from about 23,000 on June 14 to nearly 39,500 by June 27, marking a 72% increase in two weeks.

At the same time, open interest across major exchanges dropped sharply from around 1.3 billion to below 150 million, wiping out much of the leveraged exposure that had built up during the prior rally.

XRP spot ETFs have also recorded eight straight weeks of inflows, totaling $144.7 million, even as broader crypto funds saw weakness. On June 26 alone, XRP ETFs attracted $15.6 million, while Bitcoin ETFs saw $444.5 million in outflows and Ether funds lost $12.9 million.

Price action:
XRP rose from $1.0451 to $1.0544 over the 24-hour period, a gain of 1.59%.

It traded within a narrow $0.0435 range and continued to hold above the psychologically important $1.00 support level.

The strongest volume spike came on June 29 at 17:00, when trading activity reached 86.5 million XRP, roughly 67% above the daily average.

Price later consolidated between $1.03 and $1.06, reflecting a sideways structure rather than a confirmed recovery trend.

Technical outlook:
XRP continues to defend the $1.00 level despite a 19% monthly decline.

The reduction in leverage has improved market conditions, with open interest falling sharply, funding turning negative, and forced long liquidations clearing out overcrowded positions.

On-chain data is comparatively stronger than price action, with rising active addresses and steady ETF inflows, though XRP still trades below major moving averages.

Resistance remains firm near $1.10, followed by the 50-day EMA around $1.20 and the 100-day EMA near $1.31.

The 4-hour RSI has rebounded from oversold levels to around 46, but momentum remains below neutral.

Key levels to watch:
$1.00 remains the critical support zone; a break below could expose $0.90–$0.87.

Immediate resistance sits at $1.06, followed by $1.09–$1.10 where recent rallies have failed.

A move above $1.20 would be the first meaningful signal of a broader recovery shift.

Until XRP breaks above $1.10 or loses $1.00, price action is likely to remain range-bound, with improving fundamentals but no confirmed trend reversal.