XRP's $1 Lifeline Holds While Leverage Finally Checks Out of the Hotel 🛎️

Ripple's XRP slipped 2.8% to roughly $1.07 on June 25, 2026, breaking below the $1.0850 support level on heavy volume before a weak bounce left the token perched near the bottom of its June trading range, according to market data. Selling accelerated at 13:00 UTC, when volume surged to 117.26 million XRP and drove price through $1.0850, sending XRP to an intraday low of $1.0446. On June 26, prices touched $1.009, the closest approach to the $1 mark since November 2024, before stabilizing. The token later edged up 1.59% to $1.0544 in a subsequent 24-hour session, holding above the psychological $1 floor while remaining capped below $1.10.

The decline was accompanied by a sharp derivatives reset. Roughly $9 million in long positions were liquidated on June 25, with Binance accounting for about $4.5 million. Binance Open Interest fell to nearly $205 million, its lowest since March 22, while Bybit Open Interest dropped to around $185 million. Aggregate Open Interest across major exchanges later fell below 150 million from a prior peak of 1.3 billion, with funding rates turning sharply negative. Cumulative long liquidations during the broader selloff reached nearly $3 million, clearing out crowded leveraged positioning.

Even as leverage unwound, spot demand from XRP ETFs continued. Net inflows of 4.82 million XRP during week 26 pushed total ETF holdings up nearly 10% to 938.73 million XRP, representing approximately 1% of circulating supply. Spot ETFs also recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million, with $15.6 million added on June 26. On the same date, bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million. ETF-related demand tightened available XRP supply, though broader spot participation has not kept pace, leaving valuation near $989 million, down from over $1 billion earlier.

On-chain activity offered a counterpoint to the price weakness. Daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase over two weeks. The Sharpe Z-Score dropped deeper into negative territory, mirroring readings seen before the November 2024 breakout and the July 2025 rally, while Binance reserves remained stable, indicating spot holders were not selling aggressively. Open Interest stabilized around 400 million XRP, and the Open Interest Turnover Ratio held near 0.71, pointing to calmer speculative conditions.

Technically, $1.0850 has flipped from support to resistance, with sellers continuing to defend rallies near $1.073–$1.075. XRP remained well below its 200-day Moving Average at $1.03, with the 50-day EMA near $1.20 and the 100-day EMA near $1.31 forming overhead barriers. A bounce to $1.2935 in mid-June was sold off after failing to reclaim the 78.6% Fibonacci retracement level at $1.2985, leaving southward extension targets at $0.975 and $0.854 on the chart. As long as XRP trades below $1.10 with repeated failed retests, sellers retain control of the tape.