XRP Ledger Crosses 500 Million Threshold: Chances for the Price to Break $2

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. Payment activity does a roundtrip Looking at the on-chain picture Advertisement XRP is becoming more interesting, even though our attention goes beyond price action and is aimed mostly at the on-chain performance of the asset. Payment activity does a roundtrip With daily payment activity recently surpassing 500 million and active user counts continuing to be high, the XRP Ledger has reached a significant milestone. This increase in ledger activity is giving bulls a new story at a time when many digital assets are having trouble sustaining network engagement. XRP/USDT Chart by TradingView XRP is still clearly in a downward trend on the price chart. The asset is currently hovering near $1.07 after losing a crucial support zone near $1.30 earlier this month and failing to regain momentum. XRP is still below its 50-, 100-, and 200-day moving averages, and the breakdown from the multi-month consolidation structure successfully validated bearish control. Sellers continue to have the advantage from a technical standpoint. HOT Stories Scam Alert: Gnosis X Account Compromised, Do Not Press Any Links Bitcoin Is 'Over,' Google's Ex-Tech Lead Says Looking at the on-chain picture On the other hand, the on-chain picture is far more positive. According to the most recent XRP Ledger data, active user participation has stabilized above recent lows, while payment counts are rebounding toward the 500 million mark. Strong network usage has historically preceded price recovery rather than coincided with it. Increased transaction activity indicates that despite the wider market correction, there is still actual utility on the network. Advertisement You Might Also Like Thu, 06/25/2026 - 11:18 Scam Alert: Gnosis X Account Compromised, Do Not Press Any Links By Arman Shirinyan The price-usage gap is becoming more and more apparent. The underlying network has not experienced the decline in activity that frequently follows bear markets, even though XRP has continued to decline. As a result, market sentiment appears to be weaker than fundamentals. A quick reversal is not guaranteed by high transaction volumes alone. Macro uncertainty, dwindling risk appetite, and ongoing selling pressure across major cryptocurrencies continue to plague the market. Any bullish thesis is still speculative until XRP can recover the $1.18-$1.20 range and establish itself above short-term moving averages. Advertisement Nevertheless, it is impossible to overlook the XRP Ledger's increasing power. If network activity keeps growing while the price stays low, XRP might be laying the groundwork for a future rebound. Although a new bull market is not yet confirmed by the current setup, it does imply that underlying demand is higher than what the chart would suggest. #XRP