Key Insights:
- XRP price holds $1 support even as network activity hits a multi-month high.
- XRP ETFs continue to see inflows, while Bitcoin funds see large outflows.
XRP price action remains sideways around $1. Traders and analysts have been monitoring that level closely as key support, which has held for weeks now. But the more interesting story isn’t the price. What’s happening underneath that is more promising than what the price signals itself.
Network Activity Surges, But XRP Price Stays Flat
The number of Daily active addresses on the XRP Ledger increased from roughly 23,000 to almost 39,500 by June 27. That’s a 72% increase within two weeks.
That sharp growth in unique wallets in the network usually signals usage growth rather than speculation. That’s because active addresses track real transaction activity within the network instead of price-driven hype.
Another angle also supported this trend. A CoinMarketCap community tracking on-chain data found that 4,941 new XRP wallets were created in a single day. That marked the highest daily network growth reading the token has recorded over the past three months.
Two separate data sources point to the same pattern: rising participation even as XRP price action remains sideways at lower levels. This makes the trend genuine rather than a temporary spike.
The Leverage Picture Has Quietly Shifted
Open interest of XRP price across major exchanges fell from a peak above 1.3 billion to below 150 million. That’s the lowest level since July 2025, according to CoinDesk’s reporting. That decline signals the unwinding of many leveraged positions. This might be a significant shift in XRP’s derivatives market.
Due to this deleveraging, CoinDesk’s technical analysis describes the current setup as cleaner than it has been in months. Because a highly leveraged market is usually riskier, any move against crowded positions can trigger major liquidations.
It might further lead to sharp price swings in either direction. Funding rates have turned negative, reducing the risk of forced liquidations. These conditions signal calmer price action rather than violent swings. However, XRP price action has not yet confirmed a reversal.
XRP ETF Demand Holds Firm Even as the Broader Crypto Decline
The divergence between price and on-chain activity is also highlighted when comparing XRP ETF flows to other crypto ETF flows. XRP spot ETFs recorded their eighth consecutive week of inflows, making cumulative inflows to $144.7 million.
On the other hand, spot bitcoin ETFs recorded $444.5 million in outflows, and Ethereum ETFs lost $12.9 million, based on CoinDesk’s reporting.
In contrast, crypto’s largest and most closely watched funds, like BTC and ETH, are losing capital. On the other hand, comparatively smaller assets like XRP continue to gain. This signals some unusual strength in XRP. While broader crypto saw fund outflows, XRP recorded continuous ETF inflows.
Where XRP Price Could Move from Here?
None of this on-chain and flow data guarantees upside of XRP price from its current range. Technically, the token is still trading below resistance near $1.10, with stronger resistance around $1.20 and $1.30.
The 4-hour relative strength index has recovered from oversold territory to 46. That’s an improvement, but it’s still below the neutral 50 level, which might signal a genuine shift in momentum.
Traders are focused on these levels as if it breaks below $1.00, the next support is likely around $0.90–$0.87.
Why This Divergence Matters?
The setup forming around XRP is quite unusual right now because the signals are mixed and contradicting. While XRP price remains bearish, range-bound, and technically unconfirmed, network usage, wallet growth, leverage conditions, and ETF demand have all improved over the past few weeks.
That combination, improving fundamentals without a price reaction, is worth waiting and watching, since it can resolve in either direction once broader market conditions shift.
Source: Original Article
