XRP Ledger Back Above 140,000-User Threshold Despite Upcoming Weekend

XRP Ledger Back Above 140,000-User Threshold Despite Upcoming Weekend

Source: UToday

Published:12:25 UTC

BTC Price:$63239.6

#xrp #xrpledger #crypto

Analysis

Price Impact

Med

The increase in active users on the xrp ledger is a positive sign for network health and adoption. this could lead to increased demand for xrp and potentially higher prices if this trend continues. however, the current price action is showing some bearish signals, indicating that the market might not immediately react to the on-chain data.

Trustworthiness

Med

Price Direction

Neutral

While the increase in active users is bullish for the network's underlying activity, the price of xrp is currently facing resistance from key moving averages and has broken a short-term ascending trendline. momentum indicators are also showing waning bullish momentum. this suggests a neutral to slightly bearish short-term outlook, with the potential for a bullish breakout if network adoption continues and market sentiment improves.

Time Effect

Short

The article highlights that while the recent surge in active users is positive, it's based on recent data and doesn't guarantee a long-term trend. the price analysis also focuses on short-term technical indicators. therefore, the immediate impact is likely short-term, with longer-term effects dependent on sustained network growth and market sentiment shifts.

Original Article:

Article Content:

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. Engagement around XRP grows XRP's momentum on the market Advertisement With the number of active users on the network once again surpassing the crucial 140,000 mark, the XRP Ledger is exhibiting fresh indications of activity. The most recent XRPL data shows that active users recently reached about 141,800 addresses, which is one of the highest readings over the previous month. Engagement around XRP grows The timing is especially significant because, as trading volumes and transaction counts decrease throughout the larger cryptocurrency market, blockchain activity frequently slows down before weekends. Rather, despite the customarily slower trading period, XRP Ledger participation has managed to stay high, indicating that user engagement is still robust. After a brief decline earlier in the month, active users gradually recovered throughout the middle of July, according to network metrics. Source: XRP Ledger Concerns that the momentum for XRPL adoption might be waning were allayed by the most recent surge, which drove activity back toward regional highs. Maintaining more than 140,000 active participants is typically seen as a positive signal for network health, even though one day of data does not establish a long-term trend. However, the market has not entirely mirrored the rise in activity. Currently trading close to $1.08, XRP is still confined to a wide consolidation range. HOT Stories Airbnb's Brian Chesky Breaks Silence on Crypto Hack Cash Cat (CASHCAT), Dogecoin (DOGE), Ethereum (ETH) and Stellar (XLM) Price Analysis for July 17: Recovery Phase Ends Abruptly You Might Also Like Fri, 07/17/2026 - 11:53 38 Billion Shiba Inu Netflow Reverts Bullish Trend By Caroline Amosun Advertisement Bulls are under more pressure as price action on the four-hour chart reveals that XRP recently broke below a short-term ascending support trendline. The asset is currently trading below its 20-, 50-, and 100-day moving averages, which are clustered between about $1.09 and $1.12. As a result, a challenging resistance zone is created just above the current price. The most significant technical obstacle to a broader recovery is still the 200-day moving average around $1.12. XRP's momentum on the market Momentum indicators remain conflicted. Although it has not yet reached oversold conditions, the Relative Strength Index has declined toward 42, indicating waning bullish momentum . This leaves the door open for additional volatility in either direction. However, a significant fundamental tailwind may be provided by the recovery in active users. Increased transaction activity, greater liquidity, and higher demand for XRP-related services are frequently preceded by rising network participation. The network may eventually provide the support required for a breakout above the current consolidation range if user growth persists and market sentiment improves. The return of more than 140,000 active users indicates that interest in the XRP Ledger itself remains intact, even though XRP is currently technically neutral to slightly bearish. That is an important metric to monitor in a market where many networks are struggling to sustain engagement. Advertisement #XRP #XRP Ledger