• The token traded in a range of $0.0435 and continued to hold above the psychological support level of $1.00.
• The main burst of activity occurred on June 29 at 17:00, when volume reached 86.5 million XRP, approximately 67% above the 24-hour average.
• The price subsequently consolidated between $1.03 and $1.06, leaving the market within a limited range rather than a confirmed recovery.
Technical analysis
• The key development is that XRP continues to defend $1.00 even after a 19% monthly drop.
• Resetting leverage improves setup. Open interest has fallen sharply, funding has turned negative, and long-term forced liquidations have cleared crowded positionings.
• The chain image is stronger than the graph. Active addresses are increasing, ETF inflows continue and forex reserves remain stable, but the price is still below the major moving averages.
• XRP remains capped by resistance near $1.10, with larger barriers near the 50-day EMA around $1.20 and the 100-day EMA around $1.31.
• The 4-hour RSI has recovered from oversold territory to 46, but momentum remains below the neutral 50 level.
What traders should keep in mind
• $1.00 remains the key support level. A break below that level would put the focus back between $0.90 and $0.87.
• $1.06 is the first short-term resistance level, followed by $1.09-$1.10, where recent rallies have stalled.
