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XRP maintained the crucial $1 support level as leverage declined, network use expanded, ETF demand continued, and Ripple opened its proposed lending system for testing. The token gained 1.59% during the session, although resistance near $1.10 continued to prevent a confirmed technical recovery.
XRP rose from $1.0451 to $1.0544 during the 24-hour session while trading within a $0.0435 range. The token later consolidated between $1.03 and $1.06, leaving the market range-bound rather than confirming a broader recovery. It remained 19% lower for the month.
Trading activity peaked on June 29 at 17:00, when volume reached 86.5 million XRP. That figure stood about 67% above the session’s average volume. Open interest across major exchanges dropped below 150 million after previously reaching 1.3 billion. The decline removed much of the crowded leverage behind XRP’s earlier rally.
Funding rates also turned negative, while forced long liquidations cleared additional bullish positioning. Meanwhile, the four-hour relative strength index recovered from oversold conditions to 46. XRP still trades below major moving averages. Resistance sits near $1.10, followed by the 50-day exponential moving average around $1.20 and the 100-day average near $1.31.
Daily active addresses climbed from 23,000 on June 14 to almost 39,500 by June 27. The increase represented 72% growth within two weeks. At the same time, XRP spot ETFs recorded an eighth consecutive week of inflows. Cumulative inflows reached $144.7 million despite broader weakness across cryptocurrency investment funds.
On June 26, XRP ETFs attracted $15.6 million in net inflows. Bitcoin ETFs recorded $444.5 million in outflows, while ether funds lost $12.9 million. Can stronger network use and sustained ETF inflows push XRP through the resistance zone near $1.10? Price action has not yet confirmed that shift.
The token faces initial resistance at $1.06, followed by the $1.09 to $1.10 area, where recent advances have stalled. A move above $1.20 would provide the first stronger recovery signal. Conversely, a break below $1 could bring the $0.90 to $0.87 region back into focus.
Read More: XRP Price Today: Active Addresses Surge 72% as Buyers Defend $1 Support
Ripple also announced that developers can test the proposed XRPL Lending Protocol within a dedicated environment. The system would introduce native borrowing and lending functions to the XRP Ledger. Two technical specifications, XLS-65 and XLS-66, form the proposed infrastructure. Ripple said they would help financial firms structure credit agreements directly on the network.
The Single Asset Vault would create a standard format for pooling assets. Meanwhile, the Lending Protocol would manage loan terms, servicing requirements, and repayment rules. If network validators approve both specifications, institutions could use tokenized real-world assets as working capital. Those assets could include money market funds and commodities.
The planned system would allow these assets to support lending activity instead of remaining static across network accounts. Developers can now experiment with the framework while XRP continues trading between key support and resistance levels. Market participants remain focused on $1, $1.10, and $1.20.
XRP continues to defend the $1 support level as leverage declines, network activity strengthens, and ETF inflows remain positive. Meanwhile, XRPL lending development adds another institutional use case. Traders should watch whether XRP can break above $1.10 and advance toward $1.20.
