XRP Holds Above $1 as Network Activity Jumps and Leverage Pressure Eases

XRP continued to hold above the important $1 support level on Tuesday as on chain activity increased and leveraged trading positions declined sharply across major exchanges.

The token traded between $1.03 and $1.06 during the session and posted a modest daily gain of about 1.6%. Despite the recovery attempt, XRP remains below major resistance near $1.10, keeping the broader market structure range bound.

XRP Network Activity and ETF Demand Increase

Daily active XRP addresses climbed from around 23,000 on June 14 to nearly 39,500 by June 27, marking a 72% increase in two weeks. At the same time, XRP spot exchange-traded funds recorded an eighth straight week of inflows, pushing cumulative inflows to nearly $145 million.

Open Interest Falls as Traders Reduce Leverage

Open interest in XRP futures dropped below 150 million after previously reaching 1.3 billion during the earlier rally. Analysts say the decline in leverage has reduced liquidation risks and created a healthier market setup.

Technical indicators still show caution, however. XRP remains below the 50-day and 100-day exponential moving averages, while traders continue watching resistance around $1.10 and support near $1.