The number of active accounts on the XRP Ledger has surpassed the 40,000 threshold for the first time since July 2025, reaching approximately 41,700 according to XRPScan data. Despite this spike in network activity, XRP’s price remains subdued, trading just above the critical $1 level.
Increased Network Activity
This latest account activity significantly exceeds the 30-day average of 29,300 accounts. However, it doesn’t represent a historical peak; the highest number of active accounts recorded on the XRP Ledger previously stood at 106,000. Known for its focus on payments and transfers, the XRP Ledger serves as the blockchain network underpinning XRP.
XRPScan data reveals that active account numbers have reached approximately 41,700, marking the highest level since July 2025.
While the uptick in activity suggests heightened network engagement, it is not necessarily an indicator of a market trend reversal. Since these active accounts track only sender addresses, the precise breakdown between sales, normal transfers, or personal wallet movements remains unclear.
Price Pressure Prevails
XRP is trading around $1.0475, with the $1 mark being a crucial threshold for market sentiment. Breaching below this level might accelerate selling pressure. Reverting to its earlier rally region may incite selling from investors eager to recoup losses.
The current price of XRP lingers below all monitored moving averages, supporting the bearish technical outlook. The asset approaches the zone it lingered in before August’s recovery, suggesting a stronger downtrend relative to the modest upward attempts seen in October.
Unclear Investor Behavior
High network activity might imply investors are moving assets to exchanges in preparation for sales. Nonetheless, these inflow and outflow movements alone do not conclusively prove this trend, as market participants frequently shift funds both for selling and for storage in personal wallets.
For a confirmed market recovery, higher highs and consistent buying interest are necessary.
Thus far, the data merely indicates increased network usage. No definitive evidence yet suggests the pressure on XRP’s price is easing. A sustained recovery narrative for XRP will require a more stable display of trading interest and buying demand.
