XRP Ledger Active Users Surge to 191,000 — Potential Post-Christmas Recovery Signal
XRP Ledger active user count spiked to nearly 191,000 and has stabilized around 170,000, signaling a measurable rise in on-chain participation despite muted price movement. Exchange reserves for XRP are declining, open interest has cooled, and funding rates are elevated but not extreme — conditions that reduce forced selling pressure. Price remains below major moving averages and inside a descending channel, with key support at $1.85–$1.90 and resistance at $2.10–$2.20 and $2.30–$2.40. Analysts note a divergence between rising network activity and compressed price action; if active addresses keep rising while XRP holds above $1.85 and reclaims $2.20 with volume, it could mark the start of a medium-term recovery rather than another leg down. Traders should watch active addresses, exchange flows, open interest and whether price can break $2.20 on volume. (Keywords: XRP, XRP Ledger, active users, exchange reserves, open interest, funding rates, XRP price)
Neutral
The news is neutral-to-mildly bullish. Rising active addresses (spike to ~191k, stabilizing ~170k) is a constructive on-chain signal that often precedes volatility and can foreshadow price recoveries if liquidity follows. Concurrent declines in exchange reserves and moderated open interest reduce immediate forced-sell risk. However, price remains below major moving averages inside a descending channel, and momentum indicators are not showing strong bullish conviction. Key technical levels ($1.85–$1.90 support; $2.10–$2.40 resistance) must be respected. Historically, similar patterns — rising network activity without immediate price gains — have produced short-term range-bound trading followed by stronger moves once volume confirms direction. Short-term traders should treat this as a watch-and-prepare setup: monitor active addresses, exchange flows, open interest and volume on any breakout above $2.20. Long-term investors may view the on-chain improvement as a positive foundation but should wait for technical confirmation and liquidity follow-through before increasing exposure.