XRP is back above $1.13, with traders focusing on two signals at once: rising open interest in derivatives and $59.4 million in June inflows into XRP-linked ETP products. On the chart, though, the market is still treating $1.28 to $1.29 as the level that matters most.
The $1.28-$1.29 zone remains the chart’s key test
XRP’s latest rebound comes after months of bearish pressure, and the move is being watched as a possible turning point. For a double-bottom structure to be confirmed, price needs to establish itself clearly above the neckline around $1.28 to $1.29. Until that happens, the recovery can still be read as part of a broader downtrend rather than a clean reversal.
At the end of May, XRP lost support in the $1.28 to $1.30 range and then slid to $1.05 in early June. Trading volume surged during that drop, pointing to heavy selling. A second decline formed on June 26, when price touched $1.0092. It briefly moved below the earlier low but did not stay there, leaving room for traders to interpret the move as a possible technical bear trap.
Volume behavior adds to that view. Compared with the sharp sell-off at the start of June, the second retreat came with more limited selling intensity. The source notes that lower sales volume on the second decline may indicate weakening selling pressure even though price pushed slightly lower. In technical terms, that kind of divergence can suggest control is beginning to shift from sellers to buyers.
If XRP breaks above the neckline with conviction, the double-bottom pattern would point to a move toward $1.57. Before that, the nearest resistance sits in the $1.17 to $1.18 area, where the 44-day moving average is located and Fibonacci levels also suggest concentrated selling interest. On-chain holding data shows sizable XRP positions between $1.18 and $1.22, a band that could slow any continued advance.
June fund flows favored XRP while Bitcoin and Ether products saw outflows
According to SoSoValue, XRP-linked ETP products recorded $59.4 million in inflows during June, marking a third straight month of gains. The same period saw more pronounced outflows from Bitcoin and Ether funds, leaving XRP in a relatively stronger position on the fund-flow side.
That does not automatically translate into a sustained short-term rally. The report says ongoing ETF or ETP demand could gradually reduce circulating supply, but daily inflows on their own may not be enough to keep price momentum going over the near term. Fund demand supports the setup, but price still has to clear resistance.
The source also explains open interest as the total size of outstanding futures contracts. When open interest is elevated, price swings can become larger. With XRP now facing major resistance while derivatives activity builds, volatility is likely to stay in focus.
Regulatory attention stays on the Clarity Act as support holds near $1.00-$1.13
On the policy side, the market is watching discussions around the Clarity Act. The Major County Sheriffs of America shifted to a neutral position on the bill after some concerns tied to Section 604 were partially addressed. That section is linked to the Blockchain Regulatory Certainty Act and is intended to provide protections for developers who do not offer custody services.
The group has not fully dropped its objections. Its statement shows that requests for changes tied to state and local law-enforcement resources remain in place even after some reservations were resolved. That keeps the legislation relevant for the crypto sector and leaves traders tracking the policy process alongside price action.
In the near term, XRP’s support zone is concentrated between $1.00 and $1.13. A decisive move above the neckline could bring $1.40 and then $1.88 into view as resistance levels. For the longer range, the source lists $3.27, $8.17, and $17.16 as upside targets, with the condition that XRP first breaks above and holds its most recent highs.