While the charts indicate a brief period of hesitation, the fundamentals reveal a different picture. XRP has been trading within a tightening consolidation range. Under the surface, XRP Ledger's metrics suggest consistent natural growth that may set the stage for a longer-term rally that is more sustainable. Key metrics on rise The average number of transactions per ledger, which has been steadily increasing, is one of the most obvious indicators. Compared to prior months, activity has stabilized at about 90 transactions per ledger, which is a healthy increase. Stable network usage suggests that XRP is being used for purposes other than speculation, such as payments, transfers, or liquidity functions, so this isn’t just noise. The foundation for price resilience is frequently such baseline utility growth, which lowers the possibility of abrupt collapses that are observed in tokens that are solely driven by hype. The quantity of newly activated accounts is another important indicator that strengthens XRP’s foundation. The daily wallet creation for XRPL surged past 7,000 at its highest point in August alone, and it continued to hover above 4,000 even during periods of calm. Expanding community involvement, and more crucially, wider XRP distribution are indicated by rising wallet creation rates. In contrast to transient trading volumes, account growth signifies the arrival of new players in the ecosystem, which can boost demand for ledger transactions and support adoption cycles. Market position Following a solid and stable rally this month, XRP has been consolidating within a symmetrical triangle on the price chart. The token is encountering resistance close to $3.10, but it is currently holding above its 200-day moving average at $2.50, a crucial structural support level. When market sentiment aligns, a possible breakout can occur if the fundamental growth keeps up. Why is this important? Because the long-term viability of a cryptocurrency depends more on whether the network is actually being used than it does on hype. The case for structural strength is becoming stronger as XRP continues to grow in both transaction throughput and wallet size. These fundamental indicators imply that XRP is subtly laying the groundwork for the subsequent leg higher, even though short-term volatility is unavoidable. This underlying growth story is what makes XRP essential in the larger digital asset landscape for investors who are looking beyond daily price fluctuations.
Venture capital game has changed due to market maturation — VC exec
1 hour ago
Bitcoin bull market will be 'over' if $100K BTC price is lost — Trader
1 hour ago
ETH transactions hit year high, $2.7B BTC whale meltdown: August in charts
1 hour ago
12 Months of Crypto in 2 Columns: 5-Digit Winners and Double-Digit Losers
2 hour ago
XRP Technical Analysis: Is a Breakout Beyond $3 Just Around the Corner?
2 hour ago
XRP Whales Buys the Dip Amid Macro Bullish Market Structure
2 hour ago