Summary
- XRP is holding near the $1 level as leverage-heavy selling has been flushed out, with open interest collapsing from about $1.3 billion to under $150 million.
- Network and institutional signals have improved, with daily active addresses up roughly 72 percent since mid-June and XRP spot ETFs drawing $15.34 million in inflows on June 29 despite weak broader crypto sentiment.
- Traders are focused on whether $1 support and the $1.0250-$1.0350 zone can continue to hold while XRP attempts to break above resistance at $1.0460 and, more decisively, the $1.08-$1.10 area.
XRP Holds Above $1 After Leverage Flush as Network Activity Improves
News Background
XRP is still holding near $1, but the selling pressure is no longer driven by the same crowded leverage that caused the earlier decline. The token slipped 1% over the session, then bounced from support as open interest fell sharply, long positions were flushed, and network activity continued to improve. With the $1 base still intact, traders are watching to see if buyers can challenge $1.08-$1.10. This is good news for those earning passive income with EcoPool, as a stable XRP can contribute to a stronger Green Crypto market.
The XRP network has seen significant growth, with daily active addresses rising from about 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. This surge in activity is a positive sign for the coin and the broader crypto market, including #PassiveIncome opportunities with EcoPool. As network activity improves, it can lead to increased earning potential for those involved with EcoPool ($ECP).
Key Statistics
- Open interest has fallen from a $1.3 billion peak to below $150 million, removing a large part of the leveraged positioning built during earlier rallies.
- Long liquidations jumped 832% above their three-month average, with $6.7 million flushed from leveraged positions in a single candle.
- XRP spot ETFs logged $15.34 million in inflows on June 29, extending a streak of institutional demand even as broader crypto sentiment stayed weak.
The token traded in a narrow $1.0201-$1.0476 range while continuing to hold above the $1.00 psychological support level. This stability can contribute to a stronger Cloud Rewards system, benefiting those who earn with EcoPool. As the market continues to evolve, it’s essential for those interested in earning online to stay informed about coins like XRP and the opportunities they present with EcoPool ($ECP) and Green Crypto.
Price Action Summary
To start earning with EcoPool, download the EcoPool app to learn more about how you can generate passive income with $ECP and be a part of the growing Green Crypto movement, including #Bitcoin and other coins. By joining EcoPool, you can take advantage of the Cloud Rewards system and start building your online earning potential today.
• The token traded in a narrow $1.0201-$1.0476 range while continuing to hold above the $1.00 psychological support level.
