u.today 
With daily active users surpassing 150,000 for the first time in weeks, the $XRP Ledger has reached yet another significant adoption milestone. On-chain data shows that on July 21, the network had about 157,200 active users, which is one of the highest participation numbers this month.
Usercount grows, but more is needed
Although a price increase cannot be guaranteed by active addresses alone, the metric frequently acts as a stand-in for actual network activity. Increased user numbers typically signify more interactions, payments, and transfers throughout the $XRP Ledger rather than just speculative exchange trading. Sustained increases in active users were often accompanied by better price performance during prior bull market periods.
$XRP/USDT Chart by TradingView
The fact that activity has stayed mostly steady over the past month makes the most recent reading particularly noteworthy. In contrast to the sharp drops frequently observed following speculative spikes, daily users mostly fluctuated between 120,000 and 160,000. This consistency implies that, in spite of general market uncertainty, the network is retaining a strong base of participants.
But price action still conveys a more circumspect narrative. After consolidating within a tightening structure for several weeks, $XRP is currently trading at about $1.13. The asset is seen on the daily chart gradually reclaiming its fast-moving averages while trying to break above a short-term symmetrical triangle. Although the 50-day and, particularly, the 200-day moving averages are still well above, the price has also surpassed the 26-day EMA, suggesting that the general trend has not yet reversed.
Room for growth remains
When compared to earlier this month, the technical picture has somewhat improved. As a result of buyers' repeated defense of the rising support line, momentum has stabilized and another leg lower has been avoided. The Relative Strength Index, meanwhile, has increased to about 54, indicating neutral to slightly bullish conditions without entering overbought territory. The largest challenge is still overhead resistance, which is concentrated between $1.16 and $1.24, where a number of moving averages converge.
The bullish case would probably be strengthened by a successful break above that area, which might also pave the way for the psychological $1.30 level. On the other hand, $XRP may return to support at $1.08 if it is unable to hold above the current breakout area. As of right now, there is still a noticeable difference between network activity and price. While $XRP itself is still trading far below its prior highs, on-chain participation has already returned to levels associated with stronger market periods.
The network may be setting the stage for a more extensive recovery if the number of active users keeps growing and transaction activity continues in the same direction. Whether the price eventually catches up will mostly depend on $XRP surpassing its major technical resistance levels and witnessing a return of broader market momentum.
