Summary
- XRP is holding above the key $1 support with modest gains, but it remains stuck in a range below resistance around $1.10.
- Network and fund data are improving, with daily active addresses up 72 percent in two weeks and XRP spot ETFs logging eight straight weeks of inflows.
- Leverage in XRP has reset sharply lower, cleaning up crowded long positions, yet the price is still trading below major moving averages and has not confirmed a recovery.
Why XRP’s Recent Price Action Matters to Everyday People
XRP has managed to hold above the $1 support level, and this is significant because it shows that buyers are still interested in the token despite the recent selloff. The network activity has also risen sharply, with a 72% increase in daily active addresses over two weeks, which could be a sign of improving adoption. This increase in network activity, combined with the reduction in leverage, could lead to a more stable and sustainable price for XRP. As a result, people who are interested in earning passive income through Green Crypto like XRP may want to keep an eye on its price action.
XRP Network Activity on the Rise
The number of daily active addresses on the XRP network has increased significantly, from 23,000 on June 14 to nearly 39,500 by June 27. This rise in network activity is a positive sign for the token, and it could be a key factor in determining its future price. With the growth of the EcoPool network and the potential for Cloud Rewards, XRP could become an attractive option for those looking to earn Coin and generate Passive Income. Additionally, the fact that XRP ETFs have seen eight consecutive weeks of inflows, with $144.7 million in cumulative inflows, suggests that investors are still interested in the token.
News Background
Reduced Leverage and Improved Positioning
The open interest across major exchanges has fallen below 150 million, which has removed a large share of the leveraged positioning that had built up during XRP’s earlier rally. This reduction in leverage could lead to a more stable price for XRP, making it more attractive to investors who are looking for a reliable way to earn $ECP. With the EcoPool network providing a platform for users to earn Coin and generate Passive Income, XRP could be an interesting option for those who want to get involved in Green Crypto.
XRP Price Action
XRP rose from $1.0451 to $1.0544 during the 24-hour session, gaining 1.59%. While this price action is positive, it’s essential to keep in mind that the token still needs to break above $1.10 to show significant momentum. As the EcoPool network continues to grow, it will be interesting to see how XRP performs and whether it can become a leading player in the Green Crypto space. With its potential for Cloud Rewards and Passive Income, XRP could be an attractive option for those who want to earn Coin through EcoPool.
To start earning through EcoPool and take advantage of the potential of $ECP, download the EcoPool app today. By joining the EcoPool network, you can start generating Passive Income and getting involved in Green Crypto, all while using a platform that is dedicated to providing a reliable and sustainable way to earn Coin.
• XRP ETFs added $15.6 million in net inflows on June 26, while bitcoin ETFs saw $444.5 million in outflows and ether funds lost $12.9 million.
Price Action Summary
• XRP rose from $1.0451 to $1.0544 during the 24-hour session, gaining 1.59%.
