XRP continues to trade near multi-month lows but has managed to hold above the psychologically important $1 level, even as broader market momentum remains weak. According to CoinGecko, XRP was trading at approximately $1.04 on June 30, down 0.2% over the past 24 hours and more than 6% over the past week.
Price action has been confined to a narrow range despite several intraday swings. After briefly climbing above $1.07 in the latest session, XRP gave back those gains and returned to the $1.04 area. Repeated rebounds have kept the $1 support intact, but the token has not been able to sustain any meaningful upside.
On-Chain Activity Shows Renewed Demand
While price action has been subdued, on-chain data from Santiment reveals fresh signs of demand. The XRP Ledger added 4,941 new wallets in a single day, marking the strongest daily network growth in more than three months. This increase occurred while XRP traded between $1 and $1.05, an area many traders have begun treating as a potential accumulation zone.
Social media sentiment has also turned more optimistic. Santiment reported that bullish comments outnumbered bearish ones by a ratio of 3.7 to 1, the highest in three months. However, the analytics firm cautioned that stronger wallet creation must translate into sustained buying demand rather than fear-of-missing-out-driven speculation. Just weeks earlier, sentiment had dropped to its weakest level since October 2025 as traders grew frustrated with weak price action and a lack of fresh catalysts.
Open Interest and Leverage Decline
According to CryptoQuant analyst Arab Chain, Binance XRP open interest has fallen to approximately 375.56 million XRP, down from a peak above 1.3 billion XRP during the second half of 2025. The Open Interest Turnover Ratio stood near 0.71, indicating slower speculative trading and a more cautious market. Active addresses climbed from about 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase over two weeks.
Arab Chain noted that lower leverage could reduce the risk of forced liquidations but warned that a sharp increase in both open interest and the turnover ratio would signal renewed speculative activity and potentially higher volatility.
Technical Indicators Remain Bearish
On the daily chart, XRP is trading below its 20-day, 50-day, 100-day, and 200-day exponential moving averages, which sit near $1.11, $1.20, $1.31, and $1.52, respectively. This bearish alignment indicates that the long-term downtrend remains intact.
The 14-day Relative Strength Index has recovered from deeply oversold conditions to around 32.8, suggesting selling pressure has eased but buying strength remains limited. Price action continues to hover near the lower Bollinger Band, with the middle band at $1.12 and the upper band at $1.24. Narrowing Bollinger Bands indicate volatility has cooled following June's selloff, but XRP has yet to reclaim the middle band, which often acts as dynamic resistance during downtrends.
Money flow has improved only slightly. The 20-day Chaikin Money Flow remains around negative 0.08, indicating capital outflows still outweigh inflows, even though selling pressure has moderated from earlier in the month.
Key Levels to Watch
For now, the indicators suggest XRP has stabilized above $1 but has not confirmed a trend reversal. A move above the 20-day EMA near $1.11 and the Bollinger midline around $1.12 would provide the first indication that buyers are regaining control. A sustained break above the 50-day EMA near $1.20 could strengthen the case for a broader recovery. Until then, the $1 support area remains the most closely watched level for traders.
In other market developments, Cardano Rises 17.5% in Two Weeks as Hoskinson Quashes Exit Rumors and AAVE Surges Past $90 as Stable Vaults Launch Fuels Bullish Momentum Toward $100 highlight contrasting momentum in the crypto space.
This article is for informational purposes only and does not constitute financial advice.
