Market Structure

XRP is defending the $1 level after a sharp drop in open interest cleared excess leverage from the market. At the same time, active addresses and spot ETF inflows are showing signs of renewed demand.

XRP is holding above the $1 mark with modest gains, even as it remains trapped below nearby resistance. Stronger on-chain activity, sustained ETF inflows and a sharp reset in leverage are giving traders a cleaner setup, though the token has yet to confirm a recovery.

Investors are increasingly focused on the plumbing behind digital assets rather than any single token’s long-term dominance. Fresh liquidation analysis also suggests June’s forced selling may have peaked before bitcoin printed its final bottom.

President Donald Trump has cancelled a planned signing event for Congress’ bipartisan housing bill, delaying a four-year ban on a Federal Reserve CBDC. The move also raises fresh uncertainty for the crypto industry’s push to secure passage of the Clarity Act in the Senate.

Bitcoin’s long-term holders, often called OG investors, have sharply reduced selling activity to the lowest level in nearly two years. The slowdown in profit-taking may be easing a key source of pressure on the market.

Asset managers are accelerating plans to tokenize ETFs as investor demand and competitive pressure build around blockchain-based finance. BNY says firms are moving even as regulation, trading infrastructure and market structure remain unsettled.