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Edition 2026-06-29

CRYPTO

XRP Trades Near $1.05 as ETF Inflows Rise and On‑Chain Activity Increases

XRP traded near $1.05, down about 7% in the past week and 19% over the past month, with a 24‑hour range of $1.04 to $1.07.

By cryptonews · 59d ago · Source: cryptonews

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XRP traded near $1.05, down about 7% in the past week and 19% over the past month, with a 24‑hour range of $1.04 to $1.07. The token remains the sixth‑largest cryptocurrency by market capitalization, valued at roughly $65.4 billion, and recorded $1.1 billion in 24‑hour trading volume.

On June 26, XRP’s spot ETF recorded net inflows of $15.63 million, marking the largest single‑day inflow among crypto assets. Bitcoin ETFs saw $444.51 million in outflows, while Ethereum ETFs lost $12.85 million. Over the prior seven weeks, XRP ETFs posted seven consecutive weeks of inflows totaling about $144.69 million, compared with $7.73 billion in outflows for Bitcoin ETFs and $1.18 billion for Ethereum ETFs. Cumulative inflows into XRP ETF products have reached approximately $1.44 billion through six weeks of activity, even as price pressure persisted.

Derivatives metrics indicated a significant increase in long liquidations, which rose to nearly $3 million over the past week, an increase of more than 800% from the previous month. Open interest fell from about $1.18 billion to $1.04 billion, and funding rates turned negative, reflecting reduced bullish exposure. Binance reserves remained largely unchanged over the week, suggesting limited movement of XRP to exchanges for immediate sale.

Technical analysis highlighted two reversal signals on the daily chart. The Tom DeMark Sequential indicator displayed a "9" buy signal, historically associated with short‑term rebounds. Additionally, the Morning Star Doji pattern formed over the last three sessions, a formation often interpreted as indicating a possible local bottom. Analysts noted that a sustained move above $1.12 and then $1.27 could signal a shift toward buying pressure, with $1.30 identified as a potential target. Resistance levels were observed around $1.20, $1.24, and $1.30.

On‑chain activity showed daily active addresses climbing from roughly 23,000 on June 14 to nearly 39,500, indicating growing network participation. While higher activity does not guarantee price appreciation, it provides an additional data point as the token tests its $1 support level. Ripple’s ecosystem remained in focus after the launch of the stablecoin RLUSD in Japan through SBI VC Trade, offering a regulated channel in Asia, though short‑term price direction continues to depend on price action, fund flows, and the ability of buyers to defend the $1 level.

Analysts cautioned that a breach of $1 could lead to further declines toward $0.85 or $0.70, while a decisive breakout above resistance zones might restore upward momentum.

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cryptonews
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high
Published
6/29/2026, 10:00:36 AM
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6/29/2026, 10:00:36 AM
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