Key Takeaways:
- XRP Ledger recorded 215,399 daily active users on June 5, 2026.
- The milestone marks the first time above 200,000 since March 2026.
- Network activity revival comes as XRP trades near $1.16, down 66% from its peak.
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XRP Ledger tops 200,000 daily active users as network activity revives
XRP Ledger recorded 215,399 daily active users on June 5, the first time above 200,000 since March, on-chain data show.
Active addresses on the XRP Ledger ranged between 130,000 and 180,000 in April and May before the recent increase above the 200,000 threshold, according to on-chain data. The reading is one of the highest user activity levels on the network in the second quarter of 2026, indicating a potential revival in network engagement after months of comparatively stable participation.
The milestone comes as XRP trades at $1.16, down 66 percent from last July's record high of $3.65. The token's relative strength index entered oversold territory below 30 during the first week of June before staging a modest recovery, technical indicators show. XRP remains below its 50-day, 100-day and 200-day moving averages, all of which are sloping downward, reflecting persistent bearish momentum in the broader market structure. The total value of the cryptocurrency market fell below $2.4 trillion in recent weeks, a 45 percent decline from last year's record high of $4.4 trillion.
Sustained growth in daily active users could signal strengthening fundamentals beneath XRP's bearish price action, potentially attracting developer and investor attention to the XRP ecosystem. Network activity often serves as a leading indicator, and a sustained divergence between rising user engagement and falling prices could eventually support valuation over longer time horizons. The network's ability to maintain activity above the 200,000 level in the coming weeks will be a key metric for gauging whether the revival represents a lasting trend or a temporary spike.
XRP, the native token of the XRP Ledger, was created by Ripple to standardize transactions on its payments network. The token has faced structural headwinds from the rise of stablecoins, including Ripple's own Ripple USD, which offer lower volatility for cross-border settlement. Unlike XRP, which experiences wild price swings, stablecoins maintain a consistent value, reducing the risk for banks using the network for transfers. Despite these challenges, the XRP Ledger's on-chain activity has shown resilience, with user engagement picking up after months of subdued levels.
The divergence between on-chain activity and price performance highlights a key dynamic in crypto markets: network usage and token valuation do not always move in lockstep. If the current trend of rising daily active users continues, it could provide a foundation for a price recovery, though the token's history of trading below $1 for most of the period from 2018 to 2024 suggests that sustained upside is far from guaranteed. For now, the XRP Ledger's user activity revival offers a counterpoint to the bearish narrative surrounding the token's price, giving ecosystem participants a data point to watch in the months ahead.
This article is for informational purposes only and does not constitute investment advice.
