XRP is continuing to trade just above the crucial $1 mark, giving investors hope that the recent sell-off may be losing momentum. Although the cryptocurrency has faced a difficult few weeks, growing ETF inflows, rising blockchain activity, and improving technical indicators suggest buyers are still defending key support levels.
XRP Remains Under Pressure Despite Holding Key Support
XRP is currently changing hands around $1.05, with its price moving between $1.04 and $1.07 over the past 24 hours. The token has dropped more than 7% during the last week and is down roughly 19% over the past month, reflecting continued weakness across the market.
Despite the decline, XRP has managed to stay above the psychologically important $1 support level, which many analysts consider critical for determining its next move.
The cryptocurrency currently ranks sixth by market capitalization, valued at approximately $65.4 billion, while its daily trading volume remains above $1.1 billion, indicating that investor activity is still healthy even as prices remain near recent lows.
XRP is also trading well below its all-time high of $3.65, reached in July 2025. Over the past year, the token has lost more than 50% of its value, and it is down about 49% over the last 200 days, highlighting the broader long-term bearish trend.
Earlier market analysis also pointed out that XRP is trading near a 20-month low, making the $1 price level increasingly important. If this support fails, analysts believe the next downside targets could be around $0.85 and $0.70.
On the upside, traders are watching for a move above $1.12, followed by $1.27, before confirming that bullish momentum has returned.
XRP ETFs Continue Attracting Fresh Capital
While XRP’s price has struggled, institutional demand tells a different story.
On June 26, XRP recorded the strongest single-day ETF inflows among major cryptocurrencies, attracting approximately $15.63 million. During the same period, spot Bitcoin ETFs experienced around $444.51 million in outflows, while Ethereum ETFs lost nearly $12.85 million.
The positive trend has continued over several weeks.
According to SoSoValue, XRP spot ETFs have now posted seven consecutive weeks of positive inflows, collecting roughly $144.69 million during that period.
Meanwhile, Bitcoin ETFs recorded approximately $7.73 billion in net outflows, while Ethereum ETFs saw about $1.18 billion leave their funds over the same seven-week stretch.
Previous reports also showed XRP investment products outperforming both Bitcoin and Ethereum for five straight weeks. Another analysis linked to the CLARITY Act found that XRP ETFs accumulated approximately $1.44 billion in total inflows during six weeks of buying activity, even as XRP’s market price remained under pressure.
Although these strong inflows have not yet pushed XRP significantly higher, they suggest institutional investors continue accumulating the asset, helping stabilize prices around the $1 level.
On-Chain Data Points to Growing Network Activity
Blockchain activity is also showing encouraging signs.
Crypto analyst Ali Charts reported that XRP’s daily active addresses increased from roughly 23,000 on June 14 to nearly 39,500 within two weeks.
A growing number of active addresses generally signals increased network usage. While this does not guarantee a price rally, it often reflects stronger user participation during periods of market uncertainty.
Ali Charts also highlighted two bullish technical patterns appearing on XRP’s daily chart.
The first is the Tom DeMark Sequential “9” buy signal, a technical indicator that sometimes precedes a short-term rebound lasting between one and four trading sessions.
The second is a Morning Star Doji formation, a chart pattern widely used by traders to identify potential bottoms after prolonged declines.
According to the analyst, stronger buying volume could help XRP climb toward $1.30, which also aligns with previous resistance levels. Earlier technical analysis likewise identified $1.20, $1.24, and $1.30 as important recovery targets if buyers regain control.
Derivatives Market Reset Could Influence XRP’s Next Move
Data from CryptoOnchain shows that XRP’s derivatives market has recently gone through a significant deleveraging process.
Long liquidations surged to nearly $3 million over the past week, representing an increase of more than 800% compared to the previous month.
At the same time, open interest declined from around $1.18 billion to approximately $1.04 billion, while funding rates turned sharply negative. This indicates that many traders betting on higher prices have already been forced out of their positions.
Such resets often reduce excessive speculation and can create conditions for stronger price moves if spot buying remains steady and short sellers become overextended.
Meanwhile, Binance exchange reserves have stayed relatively stable throughout the week, suggesting that holders are not rushing to transfer XRP onto exchanges for immediate selling.
Looking ahead, traders will closely monitor both open interest and funding rates. If open interest begins rising while XRP successfully defends the $1 level, it could signal a healthier market recovery. However, a decisive break below $1 with increasing trading volume may shift attention toward support levels at $0.85 and $0.70.
Beyond price action, Ripple’s broader ecosystem also continues to expand. The company’s RLUSD stablecoin has recently launched in Japan through SBI VC Trade, providing Ripple with another regulated entry point into the Asian market. Even so, XRP’s near-term direction will largely depend on whether buyers can continue defending the critical $1 support while ETF demand and on-chain activity remain strong.
Also read : What Is Wrapped Bitcoin (WBTC)? A Simple Guide to Bitcoin in DeFi
Bitcoin Reclaims $60K as Fed Chair Warsh Keeps Rate Plans Unclear