XRP Network Daily Transactions Hit Record 2.7 Million, But Why Is the Price Still Sideways?

Recently, the XRP Ledger network surpassed 2.7 million daily transactions, setting a new historical record and demonstrating a significant increase in network activity. Currently, the total number of activated accounts on the chain is approximately 7.64 million, but the number of daily active accounts remains between 15,000 and 25,000, far below the peak level of over 100,000 seen in the previous cycle. This phenomenon reflects that although the frequency of infrastructure usage continues to increase, the breadth of user participation has not yet returned to historical highs.

In terms of price, XRP is currently quoted at $1.37, with long-term support in the $1.26 to $1.30 range, and resistance above at $1.50. If a breakout above $1.50 occurs in the future with increased volume, it may trigger a new round of upward momentum, targeting $1.80. Conversely, if support at $1.30 is lost under high trading volume, the price may fall to around $1.15. Market sentiment remains in a wait-and-see state, with a temporary divergence between network fundamentals and price performance, prompting investors to anticipate subsequent catalysts.