• The token traded in a $0.0435 range and continued to hold above the $1.00 psychological support level.
• The main burst of activity came on June 29 at 17:00, when volume reached 86.5 million XRP, about 67% above the 24-hour average.
• Price later consolidated between $1.03 and $1.06, leaving the market range-bound rather than in a confirmed recovery.
Technical Analysis
• The key development is that XRP continues to defend $1.00 even after a 19% monthly decline.
• The leverage reset improves the setup. Open interest has fallen sharply, funding has turned negative and forced long liquidations have cleared out crowded positioning.
• The on-chain picture is stronger than the chart. Active addresses are rising, ETF inflows are continuing and exchange reserves remain stable, but price is still below major moving averages.
• XRP remains capped by resistance near $1.10, with larger barriers near the 50-day EMA around $1.20 and the 100-day EMA around $1.31.
• The 4-hour RSI has recovered from oversold territory to 46, but momentum remains below the neutral 50 level.
What traders should watch
• $1.00 remains the key support level. A break below it would put $0.90-$0.87 back in focus.
• $1.06 is the first short-term resistance level, followed by $1.09-$1.10, where recent rallies have stalled.
