Almost 3,000 New XRP Ledger Users per Day: Can It Turn Around Trend?

As new user activity increases, along with a remarkably robust market structure, XRP is exhibiting fresh indications of network expansion. According to recent data from the XRP Ledger, account creation activity has remained high over the past month, and network-wide payment activity is still close to multi-month highs.

XRP sees surge of fresh accounts

The most recent metrics show that XRP Ledger recently registered about 2,649 new accounts in a single day. Simultaneously, the network's daily payment counts consistently surpass one million transactions, indicating consistent and active usage as opposed to sporadic speculative spikes.

Source: XRP Ledger

The timing is significant because, following months of weakness, XRP's market performance has also begun to improve technically. On the chart, XRP is currently trying to recover the 100-day EMA while consolidating around the $1.40-$1.45 range. A descending resistance structure that had limited price action since March was recently broken by the asset, indicating that bearish momentum is finally waning.

The structure appears much healthier than it did earlier this year, even though XRP has not yet fully entered bullish territory. Despite frequent market-wide volatility events, buyers continue to defend the $1.30-$1.35 support zone, and momentum indicators remain steady.

The story is further complicated by the network growth metrics. Increased account creation typically means more developers, retail users, or new capital entering the ecosystem are participating. Sustained payment activity, on the other hand, indicates that XRP Ledger usage is not solely speculative and continues to support network-wide utility-driven transactions.

XRP's reversal is questioned

XRP is currently in a transitional stage. The asset has not entirely confirmed a long-term bullish reversal, but it is also no longer in complete collapse mode as it was during the February drawdown.