The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InAfter 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.