XRP Ledger daily active users top 215k, but XRP price stays weak
On-chain data shows XRP Ledger daily active users rose above 215,000 for the first time since March, reaching about 215,399 on June 5. The XRP Ledger daily active users were mostly in the 130,000–180,000 range during April and May, so the break above 200,000 points to renewed participation.
However, the XRP market setup remains cautious. XRP is still trading below key moving averages (50/100/200-day), with those curves still sloping downward. In early June, XRP slipped under multiple support levels and then stabilized around $1.10. The RSI dropped under 30 during the sell-off, moving into oversold territory, followed by only a limited bounce.
For traders, the main takeaway is a potential divergence: improving XRP Ledger activity is a constructive fundamental signal, but the weak chart suggests bearish momentum isn’t resolved yet. Watch whether XRP Ledger daily active users can hold above 200,000 and whether XRP can reclaim major moving averages to confirm a durable reversal.
Neutral
XRP Ledger daily active users jumped above 215k, which is supportive for longer-term sentiment around XRP usage on the network. But the later article emphasizes that XRP’s price action is still weak: it remains below the 50/100/200-day moving averages and those trends are still downward. The brief stabilization near $1.10 and RSI moving from sub-30 oversold into a small bounce suggest selling pressure has eased temporarily, not reversed.
So the net effect is neutral for price in the short term. The on-chain improvement may help buyers regain confidence over time, but traders should still treat the chart as bearish until XRP reclaims key moving averages and holds. If user growth persists while price strengthens, the bias could shift toward bullish; if active users fade, the fundamental tailwind could also diminish.