XRP price traded near $1.05 on June 30 as buyers continued to defend the $1 support area.
Summary
- XRP remains near $1.05 as traders watch whether $1 support can hold through June selling.
- Santiment data shows 4,941 new wallets, while bullish social comments reached three-month highs this week.
- Lower Binance XRP open interest suggests slower speculation, but price still lacks breakout confirmation.
Crypto.news price data showed XRP at $1.05, with the token almost flat over 24 hours and down more than 6% over seven days. The same data placed 24-hour volume at about $1.56 billion and market capitalization near $65.24 billion.
The current range remains narrow. XRP moved between $1.04 and $1.07 over the last 24 hours, keeping the market close to the same support zone that traders have watched since the June selloff. Crypto.news data also showed XRP down about 22% over 30 days and more than 48% over 200 days, showing that the latest hold above $1 has not yet changed the broader downtrend.
XRP had already been trading near $1.05 after a weak month, with buyers watching the $1 level as the main short-term line. XRP needed a stronger move above $1.12 and then $1.27 before traders could argue that momentum had shifted back toward buyers.
New XRP wallets jump as sentiment improves
Santiment data cited in market updates showed the XRP Ledger added 4,941 new wallets in one day, marking its strongest network growth reading in more than three months. The jump came as XRP traded close to the $1 to $1.05 range, a zone that many traders now treat as a possible dip-buy area.
Social sentiment also moved higher. Santiment reported a ratio of 3.7 bullish comments for every bearish comment, also a three-month high. The firm said XRP was “still hanging on to the $1.00 support zone,” but warned that traders still need to see whether new wallet growth turns into real demand rather than short-term FOMO.
The shift follows a period of weak sentiment earlier in June. Santiment previously said XRP sentiment had fallen to its lowest level since October 2025, as traders grew tired of weak price action and limited new catalysts. That earlier reading gave a contrast to the latest FOMO spike, where social optimism has recovered before price has confirmed a breakout.
Binance XRP leverage cools down
CryptoQuant analyst Arab Chain said Binance XRP derivatives activity now looks calmer after a sharp drop from previous highs. The analyst said Binance XRP open interest stood near 375.56 million XRP, while the Open Interest Turnover Ratio held near 0.71, pointing to slower short-term speculation.
That reading followed a larger reset from the second half of 2025, when XRP open interest topped 1.3 billion XRP before falling and stabilizing near 400 million XRP. Arab Chain said the lower ratio and reduced open interest suggest traders have become more cautious about opening new positions.
XRP active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. Open interest across major exchanges fell sharply from a 1.3 billion peak, reducing the crowded leverage that had helped drive earlier selling pressure.
A calmer derivatives market can reduce forced selling, but it does not guarantee a recovery. Arab Chain noted that a sudden rise in the turnover ratio, especially if it comes with higher open interest, could signal renewed speculative activity and more volatility.
XRP activity grows while recovery remains unconfirmed
The XRP Ledger has shown stronger network use even while the token price remains under pressure. As reported by crypto.news, Messari’s State of XRP Q1 2026 report showed average daily XRPL transactions rose 35.3% quarter over quarter to 2.48 million, even as XRP price fell 27.1% during the same period.
The same report said RLUSD reached a $340.3 million market cap on XRPL by the end of Q1, making it the network’s largest stablecoin. XRPL’s real-world asset market cap also rose 124.1% quarter over quarter to $2.25 billion, showing that network activity and token price have not moved in the same direction this year.
ETF flows also remain part of the XRP market story. As reported by crypto.news, XRP products posted repeated inflows while Bitcoin and Ethereum funds faced outflows during the same period. That demand may help slow selling near $1, but the earlier report noted that it had not yet been enough to push XRP into a confirmed recovery.
For now, XRP sits between improving network signals and weak price structure. Wallet creation, active addresses, fund flows and lower leverage give traders more data to watch. The next test remains simple: XRP needs to hold $1 and reclaim nearby resistance before the market can treat the rebound as more than a defensive move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
