June 29, 2026 ChainGPT

XRP Holds $1 as Spot ETF Inflows and On‑Chain Activity Provide Support

XRP Holds $1 as Spot ETF Inflows and On‑Chain Activity Provide Support
XRP is holding just above $1 as inflows to XRP spot products and rising on-chain activity provide a bid, even while price remains under pressure. Price and market snapshot - Trading around $1.05 with a 24-hour range of $1.04–$1.07, XRP is down more than 7% over the past week and roughly 19% over 30 days. - Market rank: #6; market cap: about $65.4 billion; 24-hour volume: >$1.1 billion. - The token sits far below its all-time high of $3.65 (July 2025) and has fallen more than 50% over the past year and ~49% over 200 days — a reflection of a drawn-out downtrend and a 20-month low around current levels. ETF flows and fund demand - Despite weak price action, fund flows into XRP have remained notable. On June 26 XRP led single-day net inflows with roughly $15.63 million, while spot Bitcoin ETFs saw about $444.51 million in outflows and Ethereum funds lost about $12.85 million. - XRP spot ETFs have posted seven consecutive green weeks, attracting about $144.69 million in net inflows over that period (SoSoValue). Earlier reports (CLARITY Act) showed roughly $1.44 billion in cumulative inflows through six weeks of buying. - The contrast with BTC and ETH is stark: over the same seven-week window, Bitcoin ETFs recorded about $7.73 billion in outflows and Ethereum ETFs about $1.18 billion. On-chain and technical signals - Network activity is picking up: daily active addresses climbed from roughly 23,000 on June 14 to nearly 39,500 today (Ali Charts), signaling increased on-chain participation. - Technical indicators are showing early bullish clues. The Tom DeMark Sequential printed a “9” buy setup on the daily chart (often a precursor to a short rebound lasting one to four days), and three recent daily candles formed a Morning Star Doji pattern — a classic sign of a potential local bottom. - Key technical levels: maintaining $1 is critical to avoid a deeper breakdown. Resistance to flip would be moves above $1.12 and $1.27, with bullish scenarios pointing toward $1.20–$1.30. Downside supports to watch are around $0.85 and $0.70. Derivatives and spot dynamics - Derivatives markets have been through a deleveraging phase: long liquidations approached nearly $3 million in the past week (up over 800% month-over-month), open interest fell from about $1.18 billion to ~$1.04 billion, and funding rates turned deeply negative — evidence that bullish leverage was squeezed out. - Such a reset can remove speculative excess and set the stage for sharper moves if shorts become crowded, but for now the spot market looks steadier: Binance XRP reserves were nearly flat on the week, suggesting holders aren’t rushing tokens to exchanges to sell. Ecosystem note - Ripple’s ecosystem continues evolving: RLUSD, a Ripple-linked stablecoin, launched in Japan via SBI VC Trade, giving Ripple another regulated channel in Asia. Still, XRP’s near-term direction remains governed by price action, fund flows and whether buyers can defend the $1 handle. What to watch next - Whether XRP can hold $1 on stable or rising volume. - Open interest and funding-rate behavior (recovery would imply a healthier reset). - Continued ETF inflows and on-chain participation trends. - Price action around $1.12–$1.30 on the upside and $0.85–$0.70 on the downside. Disclosure: This article is for informational and educational purposes only and does not constitute investment advice. Read more AI-generated news on: undefined/news