XRP Holds Above $1 Support as Leverage Flush Clears Crowded Positions

XRP has managed to defend the $1 psychological support level despite broader crypto market weakness, as a major leverage cleanup removed significant selling pressure. Open interest dropped from a peak of $1.3 billion to below $150 million, with long liquidations jumping 832% above their three-month average and $6.7 million flushed in a single candle.

Network Activity Shows Genuine Improvement

Daily active addresses on the XRP network climbed from roughly 23,000 on June 14 to nearly 39,500 by June 27, a 72% rise in two weeks. Spot XRP ETFs recorded $15.34 million in inflows on June 29, continuing a streak of institutional interest even as broader sentiment remained cautious.

Key Price Levels Traders Are Watching

XRP traded between $1.0201 and $1.0476 during the session, dipping to $1.0249 before buyers stepped in near support. Volume spiked to 92.73 million XRP at one point, roughly 134% above the daily average. The token remains below all major moving averages, with the 20-day EMA near $1.11 and the 200-day near $1.52.