• XRP faces substantial resistance
• Selling activity decreases

As on-chain activity picks up speed and market players start focusing more on network fundamentals, XRP Ledger is displaying fresh indications of strength. According to recent data, the ledger's activity has increased by 36.4%, which is one of the biggest gains in recent weeks and supports the notion that XRPL's underlying ecosystem is still active despite general market uncertainty.

XRP faces substantial resistance

The rise in ledger activity is happening while XRP sits at a crucial level on the chart. Growing network utilization indicates that user engagement and transaction demand are still growing beneath the surface despite the asset's inability to sustain strong bullish momentum following its explosive rally earlier this year. 

Stronger price performance has historically been preceded by steady increases in ledger activity, especially when these increases are accompanied by increased involvement from developers, institutions, and payment-related applications.

Technically speaking, XRP is still trapped within a descending triangle structure that has been forming for several months. Right now, the asset is trading close to the pattern's lower boundary, which is the $1.30 support zone. This level is one of the most crucial places for bulls to defend because it has frequently stopped deeper declines. 

Additionally, the chart displays XRP trading below its main moving averages, such as the 50-day and 100-day averages, which continue to serve as overhead resistance. The fact that the 200-day moving average is still much higher indicates that the overall trend has not yet fully recovered from the correction that started following XRP's earlier cycle peak above $2.

Selling activity decreases

But there are positive indications. The Relative Strength Index is still in neutral territory at 43, and selling pressure seems to be waning close to support. This implies that XRP is not yet oversold but may be able to rebound if buyers come back. A breakout from the descending structure may be possible if the $1.30 level is successfully defended and ledger activity continues to rise.

In the upcoming weeks, investors should keep a careful eye on both price movement and on-chain metrics. The network itself is improving, as evidenced by the 36.4% increase in XRP Ledger activity. If this trend continues, market sentiment may eventually start to reflect the stronger fundamentals that are emerging behind the scenes.

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