XRP Holds $1.10 as Whales Net 1.53B Tokens While Derivatives Bets Split on CLARITY Act

XRP News

XRP extended its short-term decline this week, hovering near $1.10 as the broader digital-asset market slid into a fresh correction. The sixth-largest cryptocurrency by market value has fallen roughly 9.5% over the past seven days and about 18.6% across the last 30, with selling pressure intensifying across the altcoin complex. Hourly moves flattened to near-zero, signaling indecision rather than capitulation. Market observers attribute the weakness less to XRP-specific catalysts than to macroeconomic uncertainty and ambiguity around the U.S. Federal Reserve's policy path, both of which have suppressed appetite for risk assets. Traders are now fixated on whether the $1.10 zone can continue to absorb supply.

Derivatives positioning paints a sharply divided picture. Total open interest across the market eased about 0.5% to $106.2 billion, while liquidations jumped roughly 72% to $553 million in a single session as the bear market sentiment deepened. XRP stood out as the most contested major asset: its four-hour long/short ratio of 1.27 was the highest among large caps, yet exchange-level whale sentiment split badly. Binance and Bybit professional traders held extreme-bearish readings, while OKX whales flashed extreme-bullish signals. The result is a tug-of-war in which fresh longs and shorts entered simultaneously, leaving directional conviction unusually thin despite the elevated leverage.

Ecosystem activity offered a counterweight to the price weakness. A cold-wallet provider behind the XRP Alliance launched its second initiative, completing a technical integration with a cross-chain protocol that lets holders move XRP-based assets across more than 100 networks directly from a hardware AI crypto wallet. The integration enables an in-app atomic swap into Ethereum, Solana and other ecosystems, and paves a path for RLUSD into external DeFi venues. An AI assistant screens complex signing steps to reduce approval scams. The first campaign saw an 8.5 million XRP deposit cap sell out early, and a two-week reward program began June 23.

On-chain accumulation continues beneath the surface. Blockchain data indicates large holders have net-bought roughly 1.53 billion XRP over the past six months, moving much of it off exchanges and tightening circulating supply. That dynamic can establish a floor even as spot prices grind lower. Derivatives data reinforced the theme: XRP open interest climbed to about 2.35 billion tokens, the highest reading since the October selloff, while funding rates stayed marginally positive, suggesting long accumulation without speculative froth. XRP spot ETF products also recorded roughly $5.3 million in net inflows on June 17, alongside steady expansion of XRPL features including tokenization and an embedded automated market maker.

Liquidity has proven resilient despite the drawdown. Daily turnover held near $15 billion, with seven-day cumulative volume reaching about $17 billion even as the price shed more than 11% over the same stretch. Analysts read that combination as engagement holding steady rather than interest evaporating, framing the $1.10 area as a near-term pivot rather than a breakdown point. On the upside, the $1.20 to $1.25 band is cited as the first meaningful resistance, and a volume-backed reclaim there, particularly if XRP ETF inflows resume, could open a path toward the $1.50 to $2.00 region. A decisive loss of $1.00 would tilt structure firmly bearish.

The $1.00 line remains the market's primary battleground. XRP slipped as much as 4.8% in 24 hours and nearly 10% over the week, pushing it within striking distance of that psychological floor. Prediction-market data put the odds of a green daily close at just 32.5%, citing negative momentum and the absence of a clear buying cohort. The wildcard is the CLARITY Act, the U.S. market-structure bill described as the furthest-advanced of its kind through the legislative process. By delineating securities from digital commodities, a favorable classification for XRP could unlock broader institutional participation, though final passage remains distant.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.1117 resistance at 80/100 (STRONG), driven by the confluence of Previous Day Close and the R1 pivot, making it the decisive ceiling bulls must reclaim. Immediate support at $1.0918 scores 71/100 (Previous Day Low, S1), with deeper structural defense at $1.0504 scoring 74/100 via the ATR Lower band and Donchian Lower. Derivatives skew heavily long, with a 3.04 long/short account ratio (75.2% long) and modestly positive 0.0036% funding against $712 million open interest, a crowded posture vulnerable to a squeeze. With RSI at 36.29 and a Fear & Greed reading of 17 (Extreme Fear), reclaiming $1.1117 favors bulls; a sustained loss of $1.0504 invalidates the thesis.