XRP Holds Above $1 as Leverage Flush and Improved Network Activity Boost Sentiment

XRP has managed to hold above the crucial $1 level after a significant reduction in open interest and leverage-heavy selling. The network activity has improved, with daily active addresses rising by 72% since mid-June, but XRP still needs to reclaim the $1.10 area before the chart turns cleaner.

The collapse of open interest from approximately $1.3 billion to under $150 million has removed a large portion of the leveraged positioning built during earlier rallies. Long liquidations have increased by 832% above their three-month average, with $6.7 million flushed from leveraged positions in a single candle.

XRP spot ETFs logged $15.34 million in inflows on June 29, extending a streak of institutional demand even as broader crypto sentiment remained weak. Traders are watching to see whether the $1 base can hold long enough for buyers to challenge the $1.08-$1.10 area.