• The token is trading within a range of $0.0435 and continues to hold above the psychological support level of $1.00.
• The main burst of activity occurred on June 29 at 5:00 p.m., when volume reached 86.5 million XRP, approximately 67% above the 24-hour average.
• The price then consolidated between $1.03 and $1.06, leaving the market in a range rather than a confirmed recovery.
Technical analysis
• The key development is that XRP continues to defend $1.00 even after a 19% monthly decline.
• Resetting leverage improves setup. Open interest fell sharply, funding turned negative, and forced long liquidations eliminated crowded positioning.
• The on-chain image is stronger than the chart. Active addresses are increasing, ETF inflows continue, and FX reserves remain stable, but prices remain below major moving averages.
• XRP remains capped by resistance near $1.10, with higher barriers near the 50-day EMA around $1.20 and the 100-day EMA around $1.31.
• The 4-hour RSI has moved from oversold territory to 46, but momentum remains below the neutral 50 level.
What traders should watch out for
• $1.00 remains the key support level. A break below would put $0.90 to $0.87 back in focus.
• $1.06 is the first near-term resistance level, followed by $1.09 to $1.10, where recent rallies have stalled.
