XRP continues to trade just above the critical $1 psychological level, while the Ripple ecosystem is showing increasingly positive on-chain signals. Although the token remains under price pressure, the number of new wallets, active addresses, and overall network activity has risen sharply.
The key question is whether this surge in activity will translate into sustained buying demand and a lasting price recovery.
Buyers Continue to Defend the $1 Support Level
At the end of June, XRP was trading around $1.05, fluctuating within a relatively narrow range between $1.04 and $1.07 over the previous 24 hours.
The token is down roughly 6% over the past week, approximately 22% over the last month, and more than 48% over the past 200 days.
Those figures suggest that despite holding above the $1 support level, XRP's broader long-term trend remains bearish.
According to analysts, bulls must first reclaim $1.12 and then break through the $1.27 resistance zone before a stronger recovery can be confirmed.
XRP Ledger Records Its Fastest Growth in Months
Beyond price action, the biggest development has been the growing activity across the XRP Ledger.
The network added 4,941 new wallets in a single day, marking its strongest daily expansion in more than three months.
Investor sentiment has also improved significantly.
According to Santiment, XRP is currently generating approximately 3.7 bullish comments for every bearish one, the highest positive sentiment ratio seen in three months.
However, analysts caution that an increase in wallet creation does not automatically translate into sustainable buying demand.
Some of the recent activity may simply reflect FOMO (fear of missing out) rather than genuine long-term accumulation.
Binance Leverage Has Declined Significantly
The derivatives market has also become noticeably healthier.
CryptoQuant analysts report that XRP futures open interest on Binance has fallen substantially from the elevated levels seen during the second half of 2025.
Current open interest stands at approximately 376 million XRP, compared with more than 1.3 billion XRP at its previous peak.
The Open Interest Turnover Ratio has also declined, indicating a significant reduction in speculative trading activity.
According to analysts, lower leverage is generally a positive development because it reduces the risk of forced liquidations and sharp market sell-offs.
Meanwhile, the number of active XRP addresses has climbed from roughly 23,000 to nearly 39,500, representing an increase of about 72% in just two weeks.
Network Activity Is Rising While Price Still Lags Behind
Although XRP has yet to confirm a meaningful trend reversal, activity across the ecosystem continues to strengthen.
Recent data shows that the average daily number of transactions on the XRP Ledger has increased by more than 35% year over year, reaching approximately 2.48 million transactions per day.
Adoption of Ripple's stablecoin RLUSD is also accelerating, with its market capitalization growing to approximately $340 million, making it the largest stablecoin on the XRP Ledger.
The value of tokenized real-world assets (RWAs) on the network has also surged more than 124% year over year, reaching approximately $2.25 billion.
Another encouraging sign is the continued inflow into XRP-related investment products, while Bitcoin and Ethereum ETFs have experienced capital outflows during the same period.
Even so, analysts emphasize that XRP must not only maintain support above $1, but also break through nearby resistance levels before the market can confidently declare the beginning of a sustained bullish reversal. Until then, the improving network metrics remain an encouraging signal—but not yet definitive proof of a new uptrend.
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