XRP Ledger daily active users don pass 215k, but XRP price still dey weak
On-chain data show say XRP Ledger daily active users don go pass 215,000 for the first time since March, reach about 215,399 on June 5. During April and May, daily active users mostly dey between 130,000–180,000, so di break pass 200,000 mean say participation don rise again.
But market setup for XRP still dey cautious. XRP still dey trade below key moving averages (50/100/200-day), and those curves still dey slope down. For early June, XRP drop under multiple support levels then stabilise around $1.10. RSI fall under 30 during the sell-off, enter oversold zone, and only small bounce follow afterwards.
For traders, main takeaway na possible divergence: better XRP Ledger activity na good fundamental signal, but weak chart show say bearish momentum never clear yet. Watch whether daily active users fit hold above 200,000 and whether XRP fit reclaim major moving averages to confirm proper reversal.
Neutral
XRP Ledger daily active users don jump pass 215k, wey dey supportive for longer-term feeling about XRP use for the network. But di later article GBOD say XRP price action still weak: e still dey under di 50/100/200-day moving averages and dem trends still dey go down. Di small steadying near $1.10 and RSI wey commot from under 30 (oversold) and bounce small show say selling pressure don ease for now, no be say e don reverse. So overall e neutral for short-term price. Di on-chain improvement fit help buyers regain confidence over time, but traders suppose still treat the chart as bearish until XRP kuku reclaim key moving averages and hold dem. If user growth still dey while price dey strengthen, the bias fit shift to bullish; if active users reduce, the fundamental tailwind fit also weaken.