XRP Holds Above $1 After Leverage Flush and Rising Network Activity
Key Facts
After a wave of sharp volatility in crypto markets, XRP is holding key support at $1, supported by improving network fundamentals. According to CoinDesk reports, open interest has collapsed from last year's highs, indicating a leverage flush. Meanwhile, active addresses on the network are rising and capital is flowing into spot ETFs, signaling renewed demand. Analysts note that XRP needs to reclaim $1.10 for its chart to turn cleaner.
On a broader scale, crypto markets have benefited from stronger-than-expected U.S. economic growth. Per market data, Q1 GDP came in at 2.1%, beating forecasts of 1.6%. This improved macro backdrop supports risk assets, and the inflow into crypto spot ETFs further reinforces confidence in a sustained recovery.
XRP is trading near $1.04 per market data (close June 30, 2026), still below the key resistance of $1.10. Traders are watching for a breakout above this level as a catalyst for a new rally. In the near term, major U.S. economic releases—such as jobs and inflation reports—will remain key drivers of risk appetite in digital markets.
Latest Updates · 2
- Notable·
Update: In a new development, on-chain data indicates persistent whale selling that is limiting XRP's ability to break above the $1.10 resistance. According to analytical reports, large addresses are exiting on every rally, creating a persistent selling wall. This factor adds to the challenges facing the token despite improving network fundamentals and spot ETF inflows.
- Notable·
In a further development reinforcing the accumulation momentum, on-chain data shows whales are withdrawing increasing amounts of XRP from centralized exchanges in recent days. According to crypto data provider Santiment, whales have withdrawn over 100 million XRP tokens in the past week alone, reducing circulating supply on exchanges and providing additional support for the price above the dollar level.