The XRP price is chopping around the $1.08–$1.10 range despite mixed momentum in the broader crypto market. The token has neither staged a decisive breakout nor slipped into a sharp correction, suggesting that traders are waiting for a stronger catalyst before taking fresh positions.
However, fresh on-chain data from Santiment indicates that activity on the XRP Ledger has fallen to some of its weakest levels in 2026. This raises the question of whether XRP will continue to defy weakening on-chain fundamentals or whether this divergence will eventually weigh on its price.
XRP Ledger Activity Slows as User Participation Weakens
According to on-chain analytics platform Santiment, activity on the XRP Ledger has cooled significantly in recent days, even as the token continues to trade within a relatively stable range. The latest data shows that Daily Active Addresses have dropped to 25,350, marking the second-lowest reading of 2026, while Network Growth has fallen to 2,130 new addresses, its weakest level since November 2024.
These metrics offer a glimpse into the health of a blockchain network beyond price action. Daily Active Addresses tracks the number of unique wallets interacting with the network, while Network Growth measures the creation of new wallet addresses. A sustained decline in both indicators typically points to weakening user engagement, slowing adoption, and reduced on-chain demand.
XRP Price Analysis: Consolidation Continues as Bulls Defend Key Support
Despite the decline in on-chain activity, XRP’s price has remained relatively stable, suggesting that buyers continue to defend key support levels. On the 4-hour chart, the token is trading above a rising trendline while remaining below a long-term descending resistance, leaving the price squeezed within a narrowing range. This structure reflects indecision, with neither bulls nor bears establishing clear control.
The RSI has recovered to the average range, indicating that bearish momentum has eased but bullish conviction remains limited as the levels have flattened. Meanwhile, Open Interest (OI) has declined from its recent highs, suggesting that leveraged traders are reducing exposure rather than opening fresh positions. This combination points to cautious market sentiment as participants await a stronger catalyst.
From a technical perspective, $1.07 remains the immediate support to watch, while $1.15 continues to act as the key resistance near the upper boundary of the descending channel. A breakout above this level could strengthen the bullish outlook, whereas losing the ascending trendline may shift momentum back in favor of the bears. Until either level is breached, XRP is likely to remain range-bound despite weakening network fundamentals.
Final Thoughts: Can XRP Hold Its Ground?
While XRP’s price has remained resilient despite weakening on-chain activity, the divergence between network fundamentals and market performance is worth watching. A sustained move above $1.15 could invalidate the current bearish structure and pave the way for a rally toward $1.20–$1.25. On the downside, losing the $1.07 support may expose XRP to a retest of the $1.00 psychological level. Until either level is decisively breached, XRP is likely to remain range-bound as traders watch for stronger on-chain participation and a fresh market catalyst.
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