XRP is drawing renewed market attention as network activity rises steadily while price action holds near a critical support level. According to XRPSCAN data, active users on the XRP Ledger are approaching the 200,000 mark, with recent figures around 184,000—reflecting a sustained increase in participation. Unique active accounts remain above 20,000, while daily payment volumes consistently range between 1.4 million and 1.5 million transactions, highlighting continuous usage rather than short-term speculative bursts.
This steady rise in on-chain activity suggests genuine transactional demand. However, despite these strengthening fundamentals, XRP continues to trade below its major moving averages, indicating that the broader trend still reflects market caution. On the positive side, recent price action shows stabilization, with XRP building a horizontal base around the $1.30 level since the February breakdown, consistently blocking attempts to move much below it.
The main support lies in the $1.30–$1.32 range, which has technical weight after numerous successful tests. As long as the price remains above this zone, the decline is restricted to range-bound behavior rather than a full breakdown. Resistance on the upside is concentrated between $1.50 and $1.55, where mid-term moving averages and a declining trendline converge. XRP has already failed to breach this level once, reinforcing it as a supply zone. A clean breakout above that level could open the path toward $1.70.
The current configuration is intriguing due to the divergence between price and network activity. While prices are still declining, user numbers and transaction volumes are trending upward. This type of divergence typically resolves with price catching up to usage, but only if broader market conditions support it. XRP has a real chance to reverse its local downtrend if Bitcoin and the larger market remain steady. If not, the increasing network activity might act as a buffer, preventing a deeper sell-off instead of sparking a rally.
As of now, XRP appears to be in an accumulation phase with strengthening fundamentals rather than a breakout. Whether buyers can reclaim the $1.50 resistance and turn it into support will determine if the growing network strength translates into a surge.
