XRP maintained its crucial $1 support level as leverage declined, network activity expanded, ETF demand continued, and Ripple opened its proposed XRPL Lending Protocol for developer testing. The token gained 1.59% during the session, although resistance near $1.10 prevented a confirmed technical recovery.
XRP Defends $1 After Major Leverage Reset
XRP rose from $1.0451 to $1.0544 within a 24-hour range of $0.0435. The token later consolidated between $1.03 and $1.06, leaving the market range-bound rather than signaling a broader recovery. It remains 19% lower for the month. Trading activity peaked on June 29 at 17:00 UTC, with volume reaching 86.5 million XRP—about 67% above the session’s average volume. Open interest across major exchanges dropped below 150 million after reaching 1.3 billion previously, removing much of the crowded leverage behind XRP’s earlier rally. Funding rates turned negative, and forced long liquidations cleared additional bullish positioning. The four-hour relative strength index recovered from oversold conditions to 46. XRP still trades below major moving averages, with resistance near $1.10, followed by the 50-day EMA around $1.20 and the 100-day EMA near $1.31.
Network Growth and XRP ETF Inflows Continue
Daily active addresses climbed from 23,000 on June 14 to nearly 39,500 by June 27—a 72% surge in two weeks. At the same time, XRP spot ETFs recorded an eighth consecutive week of inflows, bringing cumulative inflows to $144.7 million despite broader weakness across cryptocurrency investment funds. On June 26, XRP ETFs attracted $15.6 million in net inflows, while Bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million. The strength in network use and sustained ETF inflows could push XRP through the $1.10 resistance zone, but price action has not yet confirmed that shift. Initial resistance sits at $1.06, followed by $1.09–$1.10. A move above $1.20 would provide a stronger recovery signal; a break below $1 could bring the $0.90–$0.87 region back into focus.
Ripple Opens XRPL Lending Protocol Testing
Ripple announced that developers can now test the proposed XRPL Lending Protocol in a dedicated environment. The system would introduce native borrowing and lending functions to the XRP Ledger via two technical specifications—XLS-65 and XLS-66. These would help financial firms structure credit agreements directly on the network. The Single Asset Vault creates a standard format for pooling assets, while the Lending Protocol manages loan terms, servicing, and repayment rules. If network validators approve both specifications, institutions could use tokenized real-world assets like money market funds and commodities as working capital for lending. Developers can experiment with the framework while XRP continues trading between key support and resistance levels.
What’s Next for XRP?
XRP continues to defend the $1 support level with declining leverage, strengthening network activity, and positive ETF inflows. The XRPL lending development adds another institutional use case. Traders should watch whether XRP can break above $1.10 and advance toward $1.20 in the coming sessions.