XRP Holds Strong Above $1 Mark Amid Surging Network Activity and ETF Interest

Key Takeaways

• XRP currently hovers around $1.05, maintaining stability above the critical $1 threshold following a June 25 dip to $1.01—the lowest level in 19 months.
• Tokens flowing out of exchanges increased dramatically, jumping from 40.7 million to approximately 123 million XRP within days, suggesting potential accumulation by holders.
• Spot XRP ETFs recorded their eighth consecutive week of positive inflows, bringing total cumulative inflows to approximately $1.47 billion.
• Network engagement surged with daily active addresses climbing 72% over a two-week period, moving from 23,000 to nearly 39,500.
• Derivatives open interest contracted sharply from 1.3 billion to under 150 million, indicating a significant deleveraging event.

XRP maintains its position around the $1.05 level following a challenging June performance. The digital asset touched approximately $1.01 on June 25, marking its lowest valuation in 19 months, yet purchasing pressure has successfully defended the psychologically important $1.00 threshold in subsequent trading sessions.

While price action has remained subdued, the underlying XRP Ledger has demonstrated notable vitality. The blockchain recorded 4,941 newly created wallets within a 24-hour window, representing the most significant single-day expansion in wallet creation observed over the past three months.

Concurrently, daily active addresses have experienced substantial growth. The metric expanded from approximately 23,000 on June 14 to nearly 39,500 by June 27, reflecting a 72% increase within a fortnight.

Token Movement and Institutional Capital Flow

Blockchain analytics reveal an accelerating trend of tokens being withdrawn from centralized exchanges. The exchange net position change metric shifted from roughly 40.7 million XRP on June 22 to approximately 123 million XRP several days afterward, representing an increase of nearly 200%.

Such withdrawal patterns typically indicate that holders are moving assets into self-custody rather than positioning for immediate sales. Meanwhile, institutional appetite for XRP exposure continues unabated.

Spot XRP exchange-traded funds have maintained positive net inflows for eight consecutive weeks. Total cumulative inflows now approach $1.47 billion, with an additional $22.99 million recorded during the week ending June 26.

Notably, on June 26, XRP-focused ETFs attracted $15.6 million in capital while bitcoin-based products experienced $444.5 million in withdrawals and ethereum funds recorded $12.9 million in outflows.

The derivatives market has undergone significant consolidation. Open interest across primary trading venues declined from a peak exceeding 1.3 billion to beneath 150 million, eliminating substantial speculative positioning that accumulated during XRP’s previous upward movement.

Market intelligence firm Santiment Intelligence highlighted this divergence between price weakness and growing network participation in a recent analysis. The firm observed that new wallet creation and optimistic market sentiment are materializing even as price threatens the $1 level, with sentiment analysis revealing 3.7 positive comments for each negative one—the highest ratio in three months.

Critical Technical Zones Under Observation

XRP has remained confined within a descending price channel throughout the past year. The 20-period exponential moving average, which tracks near-term momentum, currently aligns with the upper boundary of this channel in the $1.18 to $1.22 range.

This region also coincides with a Fibonacci retracement level at $1.178 and a concentration of approximately 22.8 million XRP in cost basis distribution between $1.18 and $1.19. An additional 27.4 million XRP are positioned between $1.21 and $1.22.

These price zones represent areas where previous purchasers may attempt to exit positions at breakeven, establishing resistance. A decisive move above $1.18 followed by $1.22 would push XRP beyond its established downtrend into more neutral technical territory.

For downside protection, immediate support is established near $1.02. A violation of this level could potentially trigger a decline toward $0.87, according to Fibonacci extension analysis.

In the near term, market participants are monitoring $1.06 as initial resistance, followed by the $1.09 to $1.10 zone where previous recovery attempts have encountered selling pressure. A sustained move above $1.20 would represent the first meaningful indication of a potential trend reversal.

The 4-hour relative strength index has recovered to 46 after entering oversold territory, though it remains below the neutral 50 threshold. Price action recently consolidated within a $1.03 to $1.06 range, with peak trading volume occurring on June 29 at 17:00 UTC when 86.5 million XRP were exchanged.