XRP Holds Above $1 as Wallet Growth Accelerates and Leverage Unwinds

On-Chain Momentum and Deleveraging

XRP held above $1.00 Tuesday as on-chain metrics showed signs of accumulation alongside a broad reduction in leverage across derivatives markets. Active addresses on the Ripple network reached a three-month high, according to NewsBTC's analysis of validated chain data, while CoinDesk reported that open interest in XRP futures contracts has collapsed from last year's peak levels. Spot ETF inflows for XRP also improved during the period, suggesting both retail and institutional buying interest at current levels.

The concurrent reduction in open interest and rise in active addresses suggests a mixed technicals picture: liquidation cascades have reduced speculative pressure, but the underlying on-chain activity does not yet confirm a sustained bull move. Traders noted that the $1.10 level represents a critical resistance zone; a daily close above that price would signal a cleaner breakout on the chart, whereas failure to reclaim it could see price retest toward $0.95 support.

What The Data Signals

Wallet growth at three-month highs typically correlates with accumulation phases, though on-chain growth alone does not guarantee upside follow-through. The timing of this activity—coinciding with a deleveraging event in futures markets—suggests that weak hands were flushed out while stronger buyers stepped in, a pattern often seen near local lows. However, neither on-chain address growth nor ETF inflows are reliable predictors of near-term price direction in isolation.