
XRP Holds $1 Support As ETF Inflows And Network Activity Improve
XRP is trying to hold the $1 level after another weak stretch for the token. This is important because $1.10 was the main support area last week, but buyers failed to defend it with enough strength. That has shifted attention toward $1 as the next major line on the chart. The news backdrop is more constructive than the price action, with network activity rising, XRP ETF inflows continuing and leverage resetting after earlier pressure. The setup now depends on whether buyers can turn the $1 defense into a move back above $1.10. If they fail, the downside risk toward $0.90 to $0.87 remains open.
Key Takeaways
- XRP traded near $1.03 on June 30 as buyers continued to defend the $1 support area.
- XRP has moved lower since last week’s $1.10 support test, making this a direct follow-up to the previous setup.
- Network activity has improved, with active addresses rising sharply over the second half of June.
- XRP ETF inflows continued last week, even as the broader crypto market stayed under pressure.
- XRP needs to reclaim $1.10 first and then $1.20 to show a stronger recovery. A daily close below $1 would put $0.90 to $0.87 back in focus.
XRP Defends $1 After Last Week’s Support Failed
XRP is now trading around the same level buyers were trying to avoid last week. The token previously held near $1.10 several times, but each rebound failed to move far enough to improve the structure. That weakness has now pushed attention toward the $1 mark which is the next critical level to watch.
CoinMarketCap data showed XRP trading near $1.03 on June 30, keeping the token close to its main psychological support. The price action still looks defensive, but buyers have managed to prevent a clean break below $1 for now.
This makes the current setup for XRP simple. The token needs to hold $1 first. After that, buyers need to recover $1.10, which has now become the first important resistance area.
If XRP reclaims $1.10, the latest move can still develop into a recovery attempt. If it loses $1 on the daily chart, traders will likely start watching the high $0.80s as the next risk area.
Network Activity Is Improving In The Background
The stronger part of the XRP story is coming from network activity. Fresh data cited by CoinDesk showed XRP daily active addresses rising from 23,000 on June 14 to nearly 39,500 by June 27. That is a 72% increase in roughly two weeks.
This gives XRP a better backdrop than the chart alone suggests. Price has not reclaimed $1.10, and buyers have not confirmed a stronger recovery yet. However, rising active addresses show that network usage improved while the token was under pressure.
That still does not guarantee a rally. Network activity can improve before price responds, but it can also cool down if the market stays weak for too long. The signal is useful because it shows XRP is not relying only on a technical bounce from $1.
Last week, the main positive headline was Ripple’s MiCA progress, but price failed to react strongly. The setup now is different. XRP chart remains weak, but the underlying activity has improved enough to make the $1 support test more interesting.
ETF Inflows Give XRP Another Supportive Signal
ETF flows are also giving XRP a better backdrop. A KuCoin flash report citing SoSoValue data said XRP spot ETFs recorded $15.63 million in net inflows on June 26. The report also said Bitwise’s XRP ETF led the day with $11.66 million in net inflows.
This is useful because XRP is seeing ETF demand at a time when the broader crypto market has been weak. It does not put buyers in control by itself, but it shows that regulated products are still attracting capital.
ETF inflows can support sentiment, but they cannot replace price confirmation. XRP still needs buyers in the spot market to push price back above resistance.
For now, the ETF data gives the $1 support defense more weight. If inflows continue while price holds above $1, traders may start watching for a stronger move back toward $1.10.
Leverage Reset Gives Buyers a Cleaner Setup
XRP’s derivatives positioning has also cooled down. Open interest across major exchanges fell below 150 million after peaking around 1.3 billion during the earlier rally.
When open interest is too high, the market becomes more vulnerable to forced liquidations. A crowded trade can unwind quickly if price moves against leveraged positions. Lower open interest means some of that pressure has already cleared.
This does not make XRP bullish by itself, but it does make the setup cleaner. The market is no longer dealing with the same level of crowded leverage that can turn every small move into a larger liquidation event.
The price still has to confirm the improvement. A leverage reset gives buyers more room, but XRP needs a move above $1.10 before traders can say the recovery has started.
XRP Technical Analysis Shows $1 As the Main Support
XRP’s daily chart has shifted since the last setup. The previous support area was $1.10, with $1.05 and $1.00 acting as the next downside levels. That support has now weakened, so the chart has to be judged from the $1 area.
The main support is $1.00. XRP needs to hold this level on the daily chart to avoid a deeper breakdown. A daily close below $1 would show that buyers have failed to defend the psychological support area.
The first resistance is now $1.10. This level was support last week, but after the latest decline, it becomes the first reclaim zone. XRP needs to move back above $1.10 and hold it before the chart starts looking more stable.
Above $1.10, the next major recovery level is $1.20. This remains the level XRP needs to reclaim before the setup starts looking stronger. A daily close above $1.20 would show that the token has moved beyond a simple bounce from $1.
On the downside, the next support area sits around $0.90 to $0.87. This zone becomes important only if XRP loses $1. A move into that area would show that sellers are still controlling the structure.
For now, XRP is defending support but not recovering yet. The daily RSI is nearing oversold so we can expect some recovery at least in the short term. The chart needs a clean move back above $1.10 first. Until then, $1 remains the level that decides whether this is a support reaction or the start of another leg lower.
What to Expect Next
- Bullish case: XRP holds $1 and reclaims $1.10 on the daily chart. That would show buyers are taking back the level they lost last week. A stronger move above $1.20 would make the recovery more convincing.
- Bearish case: XRP fails to reclaim $1.10 and breaks below $1. A daily close below $1 would put $0.90 to $0.87 back in focus.
- Key catalyst: Network activity, ETF inflows and lower leverage are the main supporting signals. Price still needs to confirm them with a move above resistance.
- Invalidation: A daily close above $1.20 would weaken the bearish setup. A daily close below $0.87 would confirm that XRP has lost the wider support structure.
Why is XRP holding $1 important?
The $1 level matters because it is now the main support after XRP failed to hold $1.10. A daily close below $1 would weaken the chart and put the $0.90 to $0.87 area back in focus.
Why is XRP in focus today?
XRP is in focus because it is holding near $1 while network activity rises, ETF inflows continue and leverage has reset. The news backdrop has improved, but price still needs to reclaim resistance.
What XRP price level matters now?
The first major level is $1. XRP needs to hold it to avoid a deeper breakdown. On the upside, $1.10 is the first reclaim level, followed by $1.20.
Could XRP fall below $1?
XRP could fall below $1 if buyers fail to reclaim $1.10 and selling pressure returns. A daily close below $1 would put $0.90 to $0.87 in focus.
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