XRP Network Activity Surges 24% as Price Struggles Below $1

XRP continues to face heavy selling pressure as traders reduce their positions, keeping the cryptocurrency near recent local lows. While weakening price momentum suggests bears remain in control, fresh on-chain data points to growing activity across the XRP network.

According to data from Santiment, XRP active addresses jumped from 27,665 to 34,318 within 24 hours. That represents an increase of approximately 24.1%, highlighting stronger participation on the network despite XRP's ongoing price weakness.

The rise in XRP active addresses is particularly notable because it contrasts with the cryptocurrency's recent market performance. While XRP has struggled to regain upward momentum, more addresses appear to be actively interacting with the network.

Recent data has also shown daily active addresses on the XRP Ledger reaching nearly 50,000, marking a two-month high. This divergence between XRP price action and network activity has attracted attention as traders look for signs that demand could eventually recover.

XRP recently fell below the psychologically important $1 level and has remained around the $0.99 to $1.00 range over the past week. The continued decline has raised concerns among holders about whether XRP can reclaim $1 and establish the level as support again.

Growing network participation, however, provides a potentially positive signal. An increase in active addresses can indicate greater usage and engagement with the XRP Ledger, factors that could contribute to stronger demand if sustained.

Still, rising XRP network activity does not guarantee an immediate price rebound. Cryptocurrency prices are influenced by broader market conditions, trading sentiment, liquidity and selling pressure, meaning XRP could remain under pressure even as its underlying network metrics improve.

For now, the contrast between XRP's weak price performance and its strengthening active-address count remains a key trend to watch. If network activity continues expanding while selling pressure eases, XRP could have a stronger foundation for another attempt to reclaim the $1 level.