The XRP Ledger has witnessed a notable resurgence in network activity, with daily active addresses surpassing 200,000 for the first time since March 2024. On-chain data shows that on June 5, the number of active users reached approximately 215,399, marking a sharp increase from the 130,000–180,000 range observed in April and May.
This milestone comes amid a challenging period for XRP’s price. The token remains in a longer-term downtrend, trading below its 50-day, 100-day, and 200-day moving averages. The recent sell-off pushed the Relative Strength Index (RSI) into oversold territory below 30, though a minor bounce has since occurred. Despite the bearish technical picture, the jump in user engagement may hint at strengthening network fundamentals and growing transactional demand.
Historically, upticks in network participation often precede valuation recoveries, as increased utility can support long-term price resilience. Whether this spike signals the beginning of a sustained trend remains uncertain, but it stands as the highest activity level in months and may indicate a revival of interest from developers, traders, and payment-focused users.
