XRP defends $1 as leverage unwinds and active addresses surge

XRP held above the $1 support on Monday with a 1.59% gain to $1.0544, even as the broader market saw $444.5M in Bitcoin ETF outflows and $12.9M in Ether ETF outflows the same week. The token has been range-bound between roughly $1.03 and $1.06, with a 19% monthly decline still in the rearview, yet the underlying setup is quietly improving. Daily active addresses rose 72% in two weeks, from 23,000 on June 14 to nearly 39,500 by June 27, while spot XRP ETFs extended an eighth consecutive week of inflows and added $15.6M on June 26 alone.

Why it matters

The leverage reset is the cleanest signal in the tape. Open interest across major exchanges has fallen below 150M XRP from a 1.3B peak, funding has turned negative, and forced long liquidations have cleared out the crowded positioning that drove the earlier selloff. That gives the next move room to breathe rather than getting throttled by overstretched books. The on-chain picture is the other half: rising active addresses, eight straight weeks of ETF inflows, and stable exchange reserves all point to genuine demand rather than just short-covering. Together, they suggest the bid underneath XRP is more durable than the price action implies.

Market impact

The chart, however, has not confirmed the improvement. XRP is still trading below its major moving averages, capped by resistance near $1.10, with the 50-day EMA around $1.20 and the 100-day EMA around $1.31 standing as the next larger barriers. The 4-hour RSI has recovered from oversold territory to 46, but momentum is still below the neutral 50 mark. Until price either breaks $1.10 or loses $1.00, the trade remains a range play with better fundamentals than the chart credits, and a slip below $1.00 would put the $0.90 to $0.87 zone back in focus.