Key Highlights
- XRP maintains trading around $1.05, defending crucial $1 support following a June 25 drop to $1.01, its lowest point in 19 months.
- Tokens leaving exchanges increased dramatically, climbing from 40.7 million to approximately 123 million XRP within days, suggesting accumulation behavior.
- Spot ETFs for XRP recorded their eighth consecutive week of positive inflows, with total accumulated inflows approaching $1.47 billion.
- Active wallet addresses on the network surged 72% over a two-week period, climbing from 23,000 to nearly 39,500.
- Market leverage significantly decreased as open interest dropped from 1.3 billion to under 150 million, eliminating excessive positioning.
XRP is currently hovering around the $1.05 mark following a challenging month. The digital asset touched a low point of approximately $1.01 on June 25, representing its weakest level in 19 months, yet purchasers have successfully maintained support above the psychological $1.00 threshold.
While the price has faced downward pressure, on-chain metrics reveal increasing engagement across the XRP Ledger. The blockchain recorded 4,941 newly created wallets within a 24-hour period, marking the most significant single-day growth surge witnessed in more than three months.
The count of daily active addresses has experienced notable expansion as well. Between June 14 and June 27, these figures climbed from 23,000 to approximately 39,500, representing a substantial 72% increase over just two weeks.
Token Movement and Institutional Participation
Blockchain analytics reveal an accelerating trend of tokens being withdrawn from centralized platforms. The net position change on exchanges shifted from roughly 40.7 million XRP on June 22 to about 123 million XRP within a matter of days, marking a nearly 200% increase.
Such significant withdrawal activity typically signals that holders are moving assets into self-custody rather than positioning for sales. Concurrently, appetite from institutional investors has remained robust.
Spot exchange-traded funds focused on XRP have recorded positive inflows for eight consecutive weeks. Total accumulated inflows have reached approximately $1.47 billion, with the week ending June 26 contributing an additional $22.99 million.
Specifically on June 26, XRP-focused ETFs attracted $15.6 million in fresh capital while bitcoin-related funds experienced $444.5 million in withdrawals and ethereum products saw $12.9 million exit.
Speculative positioning has also normalized considerably. Open interest across prominent trading platforms declined from a high of 1.3 billion down to levels below 150 million, effectively clearing out the excessive leverage that had accumulated during XRP’s previous upward movement.
Market analyst Santiment Intelligence highlighted this combination of declining prices alongside growing network engagement in a recent commentary. The firm observed that XRP’s wallet creation and optimistic market sentiment are emerging despite price pressure near $1, with sentiment analysis revealing 3.7 positive comments for each negative one, reaching a three-month peak.
Critical Price 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 area coincides with a Fibonacci retracement level at $1.178 and substantial on-chain cost basis concentration, with approximately 22.8 million XRP held between $1.18 and $1.19. An additional 27.4 million XRP were acquired between $1.21 and $1.22.
These zones represent price levels where previous buyers may choose to exit their positions at breakeven, establishing resistance. A decisive move above $1.18 followed by $1.22 would shift XRP beyond its downward trajectory into more neutral technical territory.
On the lower end, support is established near $1.02. A breakdown beneath this level could potentially expose the $0.87 region, according to Fibonacci projection analysis.
In the near term, market participants are monitoring $1.06 as the initial resistance barrier, followed by $1.09 to $1.10, where previous recovery attempts have met selling pressure. A sustained push above $1.20 would represent the first indication of a genuine trend reversal toward recovery.
The 4-hour Relative Strength Index has recovered to 46 after reaching oversold conditions, though it continues trading below the neutral 50 threshold. Price action recently consolidated within the $1.03 to $1.06 range, with the day’s peak trading volume occurring on June 29 at 17:00 UTC, when 86.5 million XRP were exchanged.
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