The average transactions processed per ledger on the XRP Ledger have reversed a downward trend and are climbing after months of decline, nearing 60 transactions per ledger. This shift indicates renewed activity on the network, although the price of XRP remains under pressure below key resistance levels.
On-Chain Activity Gains Momentum
Following weeks of shrinking network usage, XRP Ledger metrics show signs of recovery. The increase in transactions per ledger suggests a revival in user and application engagement within the ecosystem, as this metric reflects actual network use rather than speculative trading.
XRP is currently trading around $1.09, facing overhead resistance between $1.10 and $1.13. Support has held firm in the $1.00 to $1.03 range, preventing further downward momentum. The relative strength index (RSI) has stabilized near the neutral 46 level after a recent bounce from oversold conditions.
The narrowing trading range suggests that a critical technical decision point is approaching, with rising support pushing prices upward while sellers struggle to break below important support levels.
This article is for informational purposes and not financial advice.
