XRP holds above $1 after leverage flush as network activity improves
XRP has maintained its price above the $1 support level despite broader market weakness and a significant reduction in leveraged positions. Increased network activity and institutional demand via spot ETFs are supporting the token's stability.
Why it matters
The stabilization of XRP after a leverage flush provides insight into current crypto market sentiment and institutional interest.
• XRP daily active addresses rose from about 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks.
The article uses technical market data to analyze price action without taking a stance on the asset's future value.
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