Ripple-linked token holds $1 as network activity improves
• Selling pressure broke support near $1.0350 during the June 30 session before XRP tested $1.0249 and stabilized.
• Buyers stepped in near the lows, with volume rising to 92.73 million XRP at 01:00 UTC, about 134% above the 24-hour average.
• A late rebound pushed XRP from $1.024 to $1.038, with volume spiking to 3.88 million during the break above $1.032 resistance.
Technical Analysis
• The key development is that XRP continues to defend the $1.00 area even as sentiment across crypto remains weak.
• The leverage reset improves the short-term setup. Open interest has collapsed, funding rates have turned negative and forced liquidations have cleared out crowded long positions.
• The bounce from $1.02 showed buyers are still active near support, but the move has not yet reclaimed the levels needed to shift momentum higher.
• XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52.
• The 14-day RSI has recovered to about 33, showing selling pressure has eased, but momentum remains weak and below neutral levels.
• Bollinger Bands have narrowed after June’s selloff, pointing to lower volatility, but XRP still needs to reclaim the middle band near $1.12 to show a stronger recovery.
