Open interest has dropped sharply from last year’s peak even as network activity and ETF inflows trend higher, but XRP still needs to reclaim $1.10 to improve its chart structure.

XRP continues to trade near $1, though the source of selling pressure has shifted. The latest pullback wasn’t driven by crowded leverage like earlier declines. Instead, the token dipped about 1% before rebounding from support as open interest contracted, long positions were flushed, and on-chain activity strengthened. Traders are now watching whether the $1 level can hold long enough for a push toward the $1.08–$1.10 range.

Market Context
• Daily active addresses climbed from roughly 23,000 on June 14 to nearly 39,500 by June 27, marking a 72% increase in two weeks.
• Open interest has fallen from about $1.3 billion to below $150 million, removing much of the leverage built during earlier rallies.
• Long liquidations spiked to more than eight times the three-month average, with $6.7 million wiped out in a single move.
• Spot XRP ETFs recorded $15.34 million in inflows on June 29, extending institutional demand despite weak overall sentiment.

Price Action
• XRP declined from $1.0476 to $1.0366 over 24 hours, a drop of around 1.05%.
• Price traded within a tight $1.0201–$1.0476 range while holding above the key $1.00 support.
• Selling pressure pushed XRP below $1.0350 on June 30, with a low of $1.0249 before stabilizing.
• Buyers stepped in near the lows, lifting volume to 92.73 million XRP—about 134% above the daily average.
• A late rebound carried price from $1.024 to $1.038, supported by a volume spike as resistance near $1.032 broke.

Technical Outlook
• XRP continues to defend the $1.00 level even as broader crypto sentiment remains weak.
• The recent deleveraging improves the near-term setup, with lower open interest, negative funding rates, and forced liquidations clearing crowded longs.
• The bounce from $1.02 highlights buyer interest, but price has yet to reclaim levels needed for a confirmed trend shift.
• XRP remains below major moving averages, including the 20-day EMA near $1.11, 50-day near $1.20, 100-day near $1.31, and 200-day near $1.52.
• The 14-day RSI has recovered to around 33, suggesting easing selling pressure but still weak momentum.
• Bollinger Bands have tightened following June’s selloff, signaling lower volatility, though reclaiming the mid-band near $1.12 is needed for stronger recovery signals.

Key Levels
• $1.00 remains critical support; a break below could expose $0.90–$0.85.
• Immediate support sits at $1.0250–$1.0350.
• Initial resistance stands at $1.0460.
• A move above $1.08–$1.10 is needed to confirm a more constructive trend.

Until XRP breaks above $1.10 or loses $1.00, price action remains range-bound, supported by improving fundamentals but lacking a clear technical breakout.