XRP Defends $1 as Leverage Flushes, ETF Inflows Pile Up 🪙

XRP held above the key $1.00 support level on June 30, trading near $1.05 after a 24-hour gain of 1.59%, even as the broader crypto market remained under pressure. The token's defense of $1 comes after a steep selloff that dragged XRP from $1.1020 to $1.0708 on June 25, a 2.8% drop that broke support at $1.0850 on volume of 117.26 million XRP. The decline extended to an intraday low of $1.0446 before a modest rebound carried price back toward the $1.05–$1.07 band, which traders now view as the critical support zone.

The selloff triggered a sharp derivatives reset. Nearly $9 million in long positions were liquidated on June 25, with Binance accounting for about $4.5 million of the forced selling. Open Interest on Binance dropped to roughly $205 million, its lowest level since March 22, while Bybit Open Interest fell to around $185 million. Aggregate Open Interest across major exchanges declined from approximately $1.18 billion to about $1.04 billion, and later fell below 150 million from a prior peak of 1.3 billion. Funding Rates turned sharply negative, and the Sharpe Z-Score moved deeper into negative territory, levels that historically mirror extreme readings seen before the November 2024 breakout and the July 2025 rally. Cumulative long liquidations reached roughly $3 million as speculative excess was cleared from the market.

Against this leveraged unwind, ETF demand has continued to tighten available supply. XRP spot ETFs recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million. Net inflow reached 4.82 million XRP during week 26, lifting total ETF holdings by nearly 10% to 938.73 million XRP, or approximately 1% of circulating XRP. On June 26, XRP ETFs added $15.6 million in net inflows, while bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million. Despite the institutional accumulation, ETF valuations slipped from over $1 billion to $989 million, indicating that buying volume has outpaced price appreciation.

On-chain activity has also strengthened. Daily active addresses on the XRP network rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. Exchange reserves on Binance have remained stable, suggesting spot holders are not selling aggressively. The token remains capped by resistance near $1.10, with larger barriers at the 50-day EMA around $1.20 and the 100-day EMA around $1.31, and the 4-hour RSI has begun to recover. XRP continues to trade below its 200-day Moving Average near $1.03, confirming that buyers have not yet regained control of the broader trend.