• The token traded in a $0.0435 range and continued to hold above the $1.00 psychological support level.
• The greatest activity came on 29 June at 5:00 p.m., when volume reached 86.5 million XRP, about 67% above the 24-hour average.
• Price later consolidated between $1.03 and $1.06, leaving the market range bounded rather than in a confirmed recovery.
Technical Analysis
• The most important development is that XRP continues to defend $1.00 even after a 19% monthly decline.
• The gear reset improves the setup. Open interest has fallen sharply, funding has turned negative, and forced long liquidations have removed crowded positions.
• The chain image is stronger than the diagram. Active addresses are increasing, ETF inflows continue and foreign exchange reserves remain stable, but the price is still below the major moving averages.
• XRP remains capped by resistance near $1.10, with major barriers near the 50-day EMA around $1.20 and the 100-day EMA around $1.31.
• 4-hour RSI has recovered from oversold territory to 46, but momentum remains below the neutral 50 level.
What traders need to see
• $1.00 remains the key support level. A break below that would put $0.90-$0.87 back into focus.
• $1.06 is the first near-term resistance level followed by $1.09-$1.10 where recent rallies have stalled.
