XRP Ledger Falls Below 2 Million Threshold Again: How It Affects the Price

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. More pressure on the price? Usage isn't crawling up Advertisement Once more, XRP is experiencing a worrying drop in network activity. The most recent XRP Ledger data shows that daily transactions have dropped to about 1.74 million, below the 2 million mark. In June, successful transaction counts have also been declining, indicating a decline in network activity. More pressure on the price? Transaction count is still one of the best measures of actual usage, even though it is not the only metric used to assess price performance. It indicates that traders, applications, and users are interacting with the network less frequently when fewer transactions pass through the ledger. Stronger valuations have historically been supported by steady activity growth, whereas decreasing activity may put further pressure on prices. XRP/USDT Chart by TradingView In light of XRP's recent market structure, the timing is especially intriguing. Earlier this month, XRP broke below a multi-month consolidation pattern on the chart, briefly declining toward the $1.10 area before staging a recovery. The 50-day and 100-day moving averages near $1.30 formed a significant resistance zone, and although bulls were able to push the asset back above $1.15, the rebound nearly immediately stalled. HOT Stories Bitcoin Whale Wallets See Major Rebound Hyperliquid (HYPE), Bitcoin (BTC), XRP and Dogecoin (DOGE) Price Analysis for June 17: Reclaiming the Bullish Narrative Usage isn't crawling up The lack of conviction in the recovery can be explained by the declining transaction activity. During the selloff, volume rose, but network participation did not follow the rebound with the same vigor. To put it another way, the price increased, but there was no corresponding confirmation signal from fundamental usage. Advertisement You Might Also Like Thu, 06/18/2026 - 11:33 1.1 Trillion Shiba Inu (SHIB) Leaves Binance by June, but It's Not Heading Into Stablecoins By Gamza Khanzadaev A number of scenarios are still possible for XRP . The asset may attempt another move toward the $1.30-$1.35 resistance area if transaction counts rise above the 2 million mark. The technical picture would be considerably improved by a successful breakout there. As traders wait for more powerful catalysts, the neutral scenario entails ongoing consolidation between approximately $1.10 and $1.30. Advertisement If the price loses support at $1.15 and network activity continues to decline, the bearish scenario becomes apparent. If that is the case, XRP may return to the recent lows between $1.05 and $1.10. As of right now, the decline below 2 million daily transactions does not necessarily portend catastrophe, but it does demonstrate that XRP still lacks the robust network expansion required to completely support a more significant bullish reversal. #XRP #XRP Price Analysis