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Key Takeaways
- XRP traded above $1.00 support on June 29, with daily active addresses up 72% over two weeks despite the token falling 19% monthly.
- Open interest on major exchanges dropped to its lowest level since July 2025, clearing out crowded leveraged long positions.
- XRP spot ETFs logged an eighth straight week of inflows, totaling $144.7 million, even as Bitcoin and Ether funds saw outflows.
XRP traded above the $1.00 psychological support level on June 29, rising 1.59% to $1.0544 during the 24-hour session, even as the token remains range-bound below resistance near $1.10. Daily active addresses climbed 72% over two weeks while open interest on major exchanges dropped to its lowest level since July 2025, clearing out crowded leveraged positions that had built up during XRP’s earlier rally.
Network Activity and ETF Inflows Diverge From Price Action
XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, according to on-chain data. The increase outpaces the token’s price performance over the same period, in which XRP fell roughly 19% on a monthly basis.
XRP spot exchange-traded funds recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million. On June 26, XRP ETFs added $15.6 million in net inflows, a contrast to outflows elsewhere in crypto funds that day: Bitcoin ETFs lost $444.5 million and Ether funds lost $12.9 million.
Leverage Reset Clears Crowded Positioning
Open interest across major exchanges fell below $150 million, down from a peak of $1.3 billion, removing a significant share of the leveraged long positions that had accumulated during XRP’s rally to its highs. Funding rates have turned negative, and forced liquidations of long positions have continued to unwind crowded bets.
The reset has not yet translated into a confirmed price recovery. XRP traded in a $0.0435 range during the session, with the largest burst of volume occurring at 17:00 UTC on June 29, when trading volume reached 86.5 million XRP, about 67% above the 24-hour average. Price action later consolidated between $1.03 and $1.06.
Technical Picture Remains Below Key Moving Averages
XRP continues to trade below its major moving averages despite the improving network and fund data. Resistance sits near $1.10, where recent rallies have stalled, with larger technical barriers at the 50-day exponential moving average around $1.20 and the 100-day exponential moving average around $1.31.
The 4-hour relative strength index has recovered from oversold territory to 46, still below the neutral 50 level that would signal a shift in momentum.
Levels Traders Are Tracking
The $1.00 level remains the primary support traders are watching. A break below it would put the $0.87 to $0.90 range back in focus, based on prior support zones.
On the upside, $1.06 marks the first short-term resistance, followed by the $1.09 to $1.10 zone where previous rallies have failed to break through. A reclaim of $1.20 would mark the first technical signal of a shift from support defense toward a broader recovery. Until XRP clears $1.10 or loses $1.00, the token remains range-bound, with daily active addresses and ETF inflows rising even as price stays below key moving averages.
