XRP Ledger activity jumps 36.4% as XRP defends $1.30 support
U.Today reports that XRP Ledger (XRPL) activity increased by 36.4%, a notable improvement that may support a recovery case for XRP despite broader market uncertainty.
Traders are watching XRP’s technical setup closely. XRP is still trading inside a descending triangle pattern and is currently near the $1.30 support zone. The 50-day and 100-day moving averages remain overhead resistance, while the 200-day moving average is still higher, suggesting the larger downtrend has not fully reversed.
On the momentum side, the RSI is around 43 (neutral), and selling pressure appears to be easing near support. The article suggests a potential breakout is possible if bulls successfully defend $1.30 and XRPL activity continues to rise.
For trading, this creates a key decision point: on-chain strength is improving, but price structure is not yet confirming a trend reversal.
Neutral
The news is mixed for traders. On the bullish side, XRPL activity is up 36.4%, which historically can precede stronger price performance when network utilization rises alongside demand for transfers and payments. That suggests improving fundamentals and potentially better sentiment toward XRP.
However, the article’s technical picture for XRP remains cautious: price is still trapped in a descending triangle, and XRP is near but not convincingly breaking out of a key $1.30 support area. With the 50/100-day moving averages overhead and the 200-day still above price, the broader trend is not yet repaired. RSI being neutral (~43) also signals no clear “oversold-to-bounce” signal.
In similar past setups, traders often wait for confirmation—either a sustained hold above support followed by a higher high, or a clean triangle breakout—before increasing risk. So the likely short-term impact is range/volatility around $1.30, while the longer-term takeaway is that rising XRPL activity could help if price confirms the breakout pattern.