XRP Ledger User Count Nears 200,000: Is XRP Market Surge Incoming?

While its underlying network activity is subtly increasing, XRP is in a complicated state. According to on-chain metrics, the number of active users is getting close to 200,000, with recent readings of about 184,000. At the same time, unique active accounts are hovering above 20,000, and daily payment counts are holding close to 1.4-1.5 million.

XRP's transactions are spiking

This combination is important because usage is sustained rather than spiking at random, indicating genuine transactional demand as opposed to transient noise.

XRP is weaker than expected on longer time horizons from a market standpoint. The long-term trend is obviously bearish, and the asset is still below its major moving averages. However, rather than continuing lower, the recent price action indicates stabilization. XRP has been building a horizontal base around the $1.30 level since the February breakdown, consistently blocking attempts to move much below it.

XRP/USDT Chart by TradingView

The main support is in the $1.30–$1.32 range. It has technical weight because it has undergone numerous tests and still holds up. The decline is restricted to range-bound behavior rather than a complete breakdown, as long as the price remains above it.

Transaction count spikes

Resistance on the upside is located between $1.50 and $1.55, where the mid-term moving averages and the declining trendline converge. This area is reinforced as a supply zone because XRP has already failed to breach it once. The first significant structural change would be a clean breakout above that level, which might lead to a move toward $1.70.