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The price of XRP is getting close to a level not seen since November 2024, but activity on the XRP Ledger is going in the exact opposite direction. There is a clear discrepancy between price performance and blockchain usage, even though the token trades just above $1. Recent network data reveals high payment volumes and a sizable number of active users.
Creating short-term resistance
After continuing the downward trend that has dominated the majority of 2025, XRP is currently trading around $1.01. With short-term resistance at $1.06-$1.08, the 100-day moving average at $1.17, and the 200-day average at $1.36, the asset has dropped below its main moving averages.
Technically speaking, a break below $1 would be significant. Since late 2024, XRP has not traded at these levels, and the RSI at roughly 37 indicates that momentum is still strongly skewed in favor of sellers.
However, network activity presents a more complex picture. This week, the XRP Ledger saw a significant increase in the number of payments, momentarily hitting 935,000 in a single day. That is significantly higher than the approximately 400,000–600,000 daily range that was evident for the majority of the preceding month.
Additionally, payment volume has remained active, albeit with much greater volatility. Over the past month, the metric saw a number of significant spikes, including a move above 1 billion XRP on August 1 and a significant expansion on August 7. Another crucial signal is provided by active users.
XRP's market positioning
Before the most recent drop at the chart's edge, the metric frequently approached or surpassed the 200,000 mark and spent the majority of the previous month above 100,000. In other words, there has not been a corresponding decline in ledger participation in response to XRP's falling market price.
A recovery is not guaranteed by that divergence. Exchange movements, automated activity, and transfers that do not directly put XRP under buying pressure are examples of network transactions.
Thus, a bearish market structure cannot be independently reversed by strong usage. The distinction is important, though. Although the price of XRP is getting close to its lowest point in about 21 months, the underlying network is not behaving like an abandoned ecosystem.
Conversion is the missing element for bulls; increased XRP Ledger activity must translate into real market demand. Until then, the price chart continues to indicate that sellers are still in complete control, while robust network statistics offer fundamental support.
InkByte Editorial Team
Dan Burgin
