XRP holds above $1 after leverage flush as network activity improves
2026-07-01 05:32:02
XRP held above the $1 level after a leverage-driven shakeout, with open interest collapsing from last year’s highs as network activity and spot ETF inflows rose. According to CoinDesk, open interest fell from a $1.3 billion peak to below $150 million and long liquidations hit $6.7 million in a single candle, while daily active addresses climbed 72% from June 14 to June 27 and XRP spot ETFs saw $15.34 million of inflows on June 29. XRP still needs to reclaim $1.10 for a cleaner technical setup.
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