XRP Holds $1 Support: What’s Next for the Ripple Token?
The digital asset XRP has been holding steady above the psychologically important $1.00 level, even as broader crypto markets have shown volatility. In the past two weeks, network activity has surged, with daily active addresses increasing by 72% from roughly 23,000 to nearly 39,500. This uptick suggests growing user engagement and interest in the Ripple ecosystem.
At the same time, leveraged positions have been unwound. Open interest across major exchanges has fallen below 150 million XRP, a level not seen since July 2025. The reduction in open interest removes a sizeable pool of forced liquidations that previously pressured the price downward, creating a cleaner technical foundation for a potential rally.
Another bullish signal has come from the emergence of spot XRP exchange‑traded funds. These products have recorded eight consecutive weeks of inflows, accumulating $144.7 million in net capital. The most recent week saw an additional $15.6 million of inflows on June 26, even as Bitcoin‑linked ETFs experienced outflows and Ether funds posted modest losses. The sustained buying pressure from ETF investors signals confidence from institutional sources.
Technically, XRP remains constrained by resistance around $1.10. While the token briefly touched $1.06, it has not yet broken above the 50‑day exponential moving average near $1.20 or the 100‑day EMA near $1.31. The 4‑hour Relative Strength Index (RSI) has climbed out of oversold territory to around 46, indicating improving momentum but still lacking the strength for a decisive breakout.
For traders, the key levels to watch are $1.00 as the immediate support and $1.06 as the first short‑term resistance. A decisive move above $1.06 could open the path toward the $1.10‑$1.12 zone, where earlier rallies have stalled. Conversely, a dip below $1.00 would re‑expose the market to the $0.90‑$0.87 range, where earlier support tests have failed.
Frequently Asked Questions
- What does a decline in open interest mean for XRP? A falling open interest indicates that fewer leveraged contracts are open, which reduces the potential for rapid price swings caused by forced liquidations. This can make price movements more driven by genuine buying or selling pressure rather than liquidation cascades.
- How do spot XRP ETFs influence the token’s price? Spot ETFs track the actual XRP price and allow institutional investors to gain exposure without holding the token directly. Consistent inflows into these funds add buying pressure to the spot market, supporting price levels and signaling institutional confidence.
- Why is $1 considered a key support level for XRP? The $1 price point is psychologically important and has historically acted as a floor where buying interest has previously emerged. Holding above this level suggests sustained demand; breaking below it could trigger a deeper correction toward lower support zones.