XRP Ledger Transactions Rebound Toward 60 Per Ledger

XRP News

XRP Ledger is flashing an early on-chain turnaround even as the token consolidates near $1.09. On-chain data shows the average number of transactions processed per ledger has stopped falling and rebounded from local lows to roughly 60, ending weeks of steady decline in network usage. Because transactions-per-ledger tracks genuine application and user activity rather than speculative flow, the uptick suggests engagement across the XRP ecosystem is recovering after a summer of bear-market conditions. The metric had been under pressure for most of the past month, so the reversal marks a meaningful shift in direction. For now, price has yet to confirm the improving fundamentals, leaving on-chain and market structure temporarily out of sync.

Asset manager Grayscale drew fresh attention to Ripple by spotlighting a roster of elite partnerships spanning Mastercard, JPMorgan, OKX and Ondo Finance, each targeting global payments, settlement, liquidity or asset tokenization. The examples were concrete rather than aspirational, framing Ripple as an infrastructure layer bridging traditional finance and blockchain rails. In a discussion with Jack McDonald, Ripple’s senior vice president of stablecoins, the firm also examined the company’s institutional strategy and RLUSD adoption. Despite the constructive framing, XRP barely moved, holding near $1.10 and underscoring a persistent disconnect between headline-grade adoption and token price that continues to frustrate holders.

A standout item in that partnership list is a 2026 pilot for near real-time cross-border settlement of tokenized US Treasuries on the XRP Ledger, a use case that ties institutional-grade collateral directly to public blockchain infrastructure. The initiative points to deepening integration between conventional capital markets and on-chain settlement, with XRP positioned as the bridge asset for liquidity alongside the ledger’s native automated market maker. Ripple’s parallel push around RLUSD, its dollar-pegged stablecoin, extends the same strategy into everyday payments and treasury management. Together the efforts reinforce a narrative of enterprise adoption, though pilots still require matching on-chain volume before they translate into sustained price impact.

The stubborn gap between adoption and valuation has become the defining question for XRP holders. Structural factors, not a single cause, keep partnerships from lifting the price: XRP’s efficient, high-velocity design reduces long-term holding pressure, while circulating supply and escrow release dynamics leave a persistent overhang above the market. Speculative capital also tends to rotate toward higher-volatility altcoins, periodically leaving XRP behind during risk-on phases. Skepticism runs deep enough that value investor Mike Alfred posted a tongue-in-cheek long-term target of negative $5. Traders currently flag support around $1.08 to $1.09, with overhead resistance clustered near $1.12 to $1.14 capping the immediate range.

On the four-hour chart, technical analysts describe XRP carving out a bottoming structure that combines a falling wedge with an inverse head-and-shoulders pattern. The formation built its deepest low, the head, around $1.05 to $1.07 before establishing a higher trough near $1.09, a classic accumulation signature as buyers absorb short-term selling. The decisive level is the $1.10 to $1.12 neckline: a confirmed daily or weekly close above $1.12 would flip resistance to support and risk triggering a short squeeze, given the concentration of bearish bets stacked at that band. Such a breakout could open a path toward $1.15 and the psychological $1.18 to $1.20 zone.

Beyond the charts, institutional catalysts are firming up the downside. The CLARITY Act, the sweeping US crypto market-structure bill, is advancing toward a Senate floor vote, while several large asset managers are moving spot XRP ETF products closer to launch. Prediction markets currently assign roughly a 70% probability that XRP clears $1.20 by month-end if the technical momentum holds. The XRP/Bitcoin pair also keeps a bullish monthly SuperTrend reading, a setup that would favor XRP outperformance should rotation accelerate, though the token remains far below its 2018 all-time high. The bullish thesis is invalidated, however, if the $1.06 support gives way, exposing the $1.00 level.

COINOTAG’s proprietary 42-indicator composite scoring engine rates the $1.1840 resistance at 67/100, driven by the confluence of Supertrend, Donchian Upper and the volume point of control, with a secondary barrier at $1.1236 scored 66/100 from the SMA 50 and Fibonacci 0.214 cluster. On the downside, the $1.0970 support scores 66/100, anchored by the Ichimoku Tenkan and pivot S1. Derivatives positioning skews crowded-long: the long/short account ratio sits at 3.27 (76.6% long) against $687 million in open interest and a slightly positive 0.0033% funding rate, while a Fear and Greed reading of 29 signals broad caution. Our reading: a close above $1.1236 opens the $1.18 target, but losing $1.0970 with RSI at 47.7 invalidates the bounce.