XRP holds $1 support as network activity rises and leverage clears out
CoinDesk 2026-06-30 05:15:17
Context: The price of XRP has managed to hold its value at the $1 support level, amidst a surge in network activity and a significant reduction in leverage. This development has given traders a cleaner setup, despite the price remaining below a key resistance level. The recent trends in XRP's network activity and open interest have provided insight into the current state of the market.
Key Facts
- Active addresses on the XRP network increased by 72% over a two-week period, indicating a significant rise in network activity.
- Open interest in XRP fell to its lowest level since July 2025, suggesting a substantial reduction in leverage and a cleaner setup for traders.
- The price of XRP has been able to hold its value at the $1 support level, despite remaining trapped below a key resistance level.
- The reduction in open interest and the increase in active addresses have provided traders with a more stable and cleaner setup to navigate the market.
- The current price of XRP and its network activity are being closely watched by traders, as they assess the potential for future price movements and market trends.