XRP Holds $1 Like It's Got a Mortgage on It — Leverage Flushes, ETFs Keep Buying

XRP traded near $1.05 on June 30 after sliding roughly 2.8% to about $1.07 on June 25 and later touching an intraday low of $1.0446 before bouncing back, according to data tracked by GasCope. The breakdown came at 13:00 UTC on June 25 when volume surged to 117.26 million XRP and pushed price through support at $1.0850, converting that level into resistance. Buyers defended the $1.05–$1.07 band during the session, but failed bounces left the token near the lower end of its June range and re-focused traders on the $1.00 psychological level. XRP fell from $1.1020 to $1.0708 over the 24-hour period, a 2.8% loss. Selling later drove XRP to $1.0446 intraday, and a subsequent weak rebound carried price back toward $1.07. On June 26, Ripple [XRP] prices touched $1.009, the closest approach to $1 since November 2024.

The selloff triggered a broad reset in XRP derivatives. On June 25, nearly $9 million in long positions were liquidated, with Binance accounting for about $4.5 million. Binance Open Interest dropped to roughly $205 million, its lowest level since March 22, while Bybit Open Interest fell to around $185 million. Separate reporting pegged total Open Interest falling from approximately $1.18 billion to approximately $1.04 billion, with Funding Rates turning sharply negative. By the end of June, Open Interest across major exchanges had fallen below 150 million from a 1.3 billion peak, removing a large share of the leveraged positioning that had built up during XRP's earlier rally. Binance reserves remained stable, indicating spot holders have not rushed to sell aggressively.

Even as the chart broke down, ETF demand for XRP kept growing. Net inflows reached 4.82 million XRP during week 26, pushing total ETF holdings up roughly 10% to 938.73 million XRP, or about 1% of circulating supply. XRP spot ETFs have now logged nine consecutive weeks of net inflows, bringing cumulative inflows to $144.7 million. On June 26, XRP ETFs added $15.6 million in net inflows while bitcoin [BTC] ETFs saw $444.5 million in outflows and ether [ETH] funds lost $12.9 million. U.S. spot Ripple [XRP] ETFs recorded $17.19 million in inflows over the most recent reporting week despite two days of net outflows during the period. Against that backdrop, an analyst flagged a whale opening a $16 million XRP long at an average entry of $1.10, a position sitting on roughly $477,000 in unrealized profit at the time of writing. Ethereum [ETH] has attracted 2x the capital inflows of Bitcoin [BTC] this week, pushing the ETH/BTC ratio up nearly 7%, its strongest weekly gain since August 2025, and Ripple has risen nearly 9% on the week with a high wick at $1.18.

Network and sentiment indicators added a layer of support under the price. XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase over two weeks. Wallet creation climbed to 4,941 daily addresses, the strongest single-day growth in 14 weeks. Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1. Ripple completed its scheduled 1 billion XRP escrow unlock without a meaningful price reaction. The Sharpe Z-Score for XRP has dropped deeper into negative territory, levels that mirror readings before the November 2024 breakout and the July 2025 rally.

Through early July, XRP is attempting to build a higher base above $1. The token rose from $1.0611 to $1.0894 over the 24-hour session ending July 3, a 0.62% gain, establishing higher lows at $1.0552, $1.0589 and $1.0799. Volume rose 26.92% above the seven-day average, with the strongest push at 13:00 UTC when volume reached 117.5 million XRP, about 142% above the 24-hour average. XRP failed to clear resistance at $1.1087 and later consolidated between $1.08 and $1.09. The token remains below major moving averages, capped by resistance near $1.10 with larger barriers around the 50-day EMA near $1.20 and the 100-day EMA near $1.31. The 1-day chart continues to frame XRP within a long-term downtrend stretching back to July 2025, with analysts watching the $0.975 and $0.854 zones as downside extension targets if the $1 support finally cracks.