XRP Ledger Activity Surges 71.7% as Price Tests $1.04 Support, Highlighting On-Chain/Market Divergence

Meta Description: XRP daily active addresses jumped 71.7% to 39,500 in two weeks as price tests $1.04 support, under key EMAs. What rising XRPL usage means for traders.

XRP is flashing a notable split between fundamentals and price. While the token is pressing local lows and probing support around $1.04, on-chain participation inside the XRP Ledger has accelerated. Daily active addresses have risen roughly 71.7% over the past two weeks, moving from about 23,000 to more than 39,500, according to Santiment data highlighted by market analyst Ali Martinez. The jump suggests user behavior on the network is changing more quickly than the market’s headline price implies, a relationship that often informs medium-term trading decisions in digital assets.

Market Movement

Spot price remains soft despite the network rebound. XRP continues to trend below key exponential moving averages—$1.12 and $1.24—leaving bears with the near-term momentum. The token’s slide toward $1.04 places it back at a local support zone that has drawn bids in recent sessions. This setup brings the classic crypto tension into focus: building activity on-chain against a price chart that, for now, is still carving lower highs.

For traders who track moving averages as dynamic support and resistance, the distance between price and the cited EMAs reflects a market that has yet to confirm a reversal. A decisive recovery through those averages would be an early sign that spot demand is catching up to what the ledger’s participation metrics imply. Until then, market structure on lower time frames favors sellers, and rallies may meet supply into the $1.12–$1.24 band.

Trading Activity

The “active addresses” measure captures unique wallets engaging with the network over a given period. That includes transfers between addresses, interactions with native features, and reallocation of balances. The two-week surge, moving from a relatively stagnant base of roughly 23,000 daily active addresses to more than 39,500, points to a rapid broadening of participation inside the XRP Ledger.

Historically, bursts of unique address activity can coincide with repositioning by larger holders—either accumulating into weakness or redistributing exposure across addresses. That behavior often precedes a shift in liquidity profiles on order books because it reflects capital moving in anticipation of future flows rather than reacting to them. In other words, on-chain footprints can show where intent is building while price still digests prior selling.

This kind of divergence—falling or range-bound price against rising network participation—tends to put a premium on execution for active traders. Liquidity might begin to thicken at nearby levels as more counterparties engage, improving fills and reducing slippage. If participation sustains, order book depth can improve at the margin, making it easier for price to respond to incremental demand. That said, concentrated spikes can also fade. Market participants will look for persistence over multiple weeks to separate temporary bursts from the start of a broader upswing in network utility.

Investor Sentiment

Sentiment around XRP has long been influenced by a mix of macro crypto flows, network-specific developments and, at times, legal overhangs or institutional adoption narratives. In this instance, the story is narrowly on-chain: a clear pick-up in unique users interacting with the ledger while price tests support. For systematic traders, that profile often translates into “watch, don’t chase”—track whether higher address counts coincide with improving breadth in exchange flows and whether spot recaptures trend levels.

For discretionary investors, the signal invites a more nuanced read. Rising active addresses can be constructive if it reflects organic activity—payments, application interactions or sustained capital rotation by established holders. Yet address growth can also be influenced by mechanical factors such as exchange wallet reconfigurations or episodic promotional activity. To turn an on-chain spike into a durable thesis, investors typically seek corroborating signs: steadier transaction volumes, persistence in active wallets over several weeks, and stabilization of price relative to short- and mid-term moving averages.

Risk management remains central while price sits below the key EMA cluster. Traders eyeing a tactical long bias often look for evidence of absorption near support—reduced downside follow-through on dips, higher lows on intraday frames and shrinking realized volatility—before adding exposure. Should price continue to respect the $1.04 area and compress beneath resistance, the setup can evolve into a base that sets up a test of higher levels.

Broader Market Context

On-chain metrics have a long track record of influencing crypto price narratives. In many cycles, utilization leads valuation— sustained growth in active wallets, transactions or protocol revenue precedes more durable price recoveries. Conversely, blockchain networks that remain dormant for extended periods often struggle to maintain rallies once speculative bursts fade. The current picture around XRP aligns with the first pattern: growing participation despite a soft chart.

Macro conditions in digital assets also shape outcomes. When liquidity is ample and volatility is constructive, constructive on-chain signals translate more readily into price. When the market is risk-off, even strong network metrics may require more time to permeate order books. In either environment, the longevity of the signal matters as much as its magnitude. A 71.7% increase over two weeks is significant in rate-of-change terms; if it endures across a month or more, it can become part of the medium-term investment case rather than a short-term anomaly.

It is also instructive to consider where on-chain participation is occurring. A broad-based rise that includes new and returning wallets often marks healthier growth than a spike concentrated in a small subset of actors. While the headline figure here is daily active addresses, market watchers typically triangulate with metrics such as repeat-usage rates or address cohorts by age to see whether activity is diversifying. Those details will shape whether the recent acceleration in the XRP Ledger is read as emergent utility or chiefly as positioning by large holders.

Industry Impact

The XRP Ledger has historically been positioned around payments and value transfer efficiency. A revival in on-chain activity can reinvigorate ecosystem conversations—developer interest, new integrations and potential enterprise use cases tend to follow visible increases in usage. The source data highlights that large players often move capital first, with commercial flows catching up later. If that cadence repeats, the network-level uplift could precede announcements or deployments that broaden the ledger’s role in cross-border transactions and related financial tooling.

In practical terms, heightened ledger usage can support infrastructure providers tied to XRP activity. Exchanges may see improved turnover in XRP pairs; market makers could scale quotes as participation rises; and wallet service providers might benefit from increased address creation and transaction throughput. For the ecosystem, this can seed a virtuous cycle: more users invite more applications; more applications, in turn, can help retain users and smooth short-term volatility in activity metrics.

Still, the industry has learned to separate sustainable growth from transitory surges. Durable impact comes when increased on-chain engagement links directly to use cases that persist through market cycles. Investors will therefore pay attention to whether engagement trends remain intact if price extends its consolidation—or even declines further. A network that can grow usage while price is under pressure often emerges stronger when market breadth improves.

What This Means for Crypto Markets

For multi-asset crypto portfolios, XRP’s setup is a reminder that on-chain and price signals need to be read together. A large, rapid increase in daily active addresses suggests rising intent and utility, but the market still requires confirmation through price reclaiming trend levels and holding them. If XRP begins to close above the cited EMAs at $1.12 and $1.24 on consistent volume, it would support the case that on-chain participation is now influencing market structure.

Positioning-wise, the near-term map is straightforward: support in the $1.04 area, resistance layers into the EMA band and a higher pivot zone near $1.50. The latter marks the next key area bulls may target if momentum turns and liquidity thickens. Traders often approach such levels incrementally—partial profit-taking into well-telegraphed resistances, reassessment of risk if rallies stall beneath them, and renewed focus on whether the address metric is stabilizing or accelerating.

From a risk perspective, a failure to hold support while address growth fades would undercut the bullish read of the divergence. That would suggest the recent on-chain spike was more tactical than structural. Conversely, a firming base at support combined with continued breadth in active wallets would strengthen confidence that the network’s revival is feeding into tradable demand. In both cases, the key is behavior over time: persistence, not a single print, typically carries the signal.

More broadly, the episode underscores why crypto market analysis benefits from a mosaic of inputs. Order book data, derivatives positioning, funding rates and realized volatility all contextualize what on-chain participation may be signaling. Without introducing new figures here, the interplay among those elements ultimately determines whether higher network activity translates into trend evolution on the chart.

Conclusion

XRP enters the coming sessions with a clear crosscurrent. Daily active addresses on the XRP Ledger have climbed 71.7% in just two weeks, rising from around 23,000 to more than 39,500, while price continues to probe support near $1.04 and sits below EMAs at $1.12 and $1.24. The divergence is the story: a network that appears to be waking up against a market that remains cautious.

For traders and investors, the path is observable rather than speculative. Watch whether on-chain engagement persists, whether price begins to reclaim and build above the EMA band, and whether liquidity improves as participation broadens. If those pieces align, a test of the $1.50 resistance zone comes into view. If they do not, the recent surge in engagement will read as a sharp but transient flare-up. Either way, the ledger’s revival places XRP back on radar for market participants who prize early, data-driven signals of potential trend change.