With nearly 200,000 active users, the $XRP Ledger is getting close to one of its highest activity milestones in months. According to the most recent on-chain data, the number of daily active users is close to 190,800, which would indicate a significant recovery in ecosystem participation.
Activity is back up
The current increase has grown steadily throughout the second half of July, in contrast to earlier brief spikes. After varying between 110,000 and 150,000 active users for the majority of the month, $XRP Ledger activity increased dramatically in the last trading week, reaching its highest level in recent months.
The round number itself is not the only significant aspect. Following the wider market correction earlier in the year, the $XRP Ledger found it difficult to sustain even 100,000 daily active users. Reaching 200,000 indicates that network activity is starting to return to normal rather than just responding to sporadic spikes in speculative trading. Since it shows real engagement with the ecosystem rather than just price fluctuations, increasing user activity is typically seen as one of the healthier indicators for blockchain networks.
Increased transaction counts, payment volume, and liquidity across decentralized applications built on the ledger are frequently accompanied by higher address activity. However, the market has not yet fully reflected these strengthening fundamentals. After yet another failed attempt to overcome resistance around $1.10, $XRP is currently trading around $1.07.
Price recovery wasn’t yet confirmed
The asset is still stuck below the 50-day and 100-day moving averages, which are still serving as dynamic barriers. $XRP made a brief attempt earlier this month to break out of a symmetrical triangle, but the buying momentum was not sustained, and the price returned to consolidation. As a result, the overall technical picture is still conflicted. Although on-chain metrics are still improving, the price has not yet confirmed the recovery.
card
The next significant obstacle before the long-term trend starts to shift in favor of buyers is the 200-day moving average, which is presently at $1.21. The ongoing struggle is also reflected in momentum indicators. The Relative Strength Index, which is slightly below the neutral threshold at 47, shows that bearish pressure has significantly decreased but has not completely vanished.
Compared to a few months ago, the $XRP Ledger is now far closer to the user activity levels linked to better market conditions. The fundamental recovery would start to align with the technical picture if active users successfully pushed above the 200,000 threshold while the price eventually recovered its medium-term moving averages.
For the time being, $XRP seems to be strengthening its underlying base. Even though the token itself is still looking for the catalyst to end its protracted consolidation, the network is getting close to one of its highest activity levels of the year.
