[DigitalToday reporter Jinju Hong] Daily transactions on the XRP Ledger have fallen back below 2 million, raising questions about the sustainability of XRP’s rebound.

U.Today, a blockchain outlet, reported on June 18 that daily transactions on the XRP Ledger have recently fallen to about 1.74 million.

The number of successfully processed transactions has also declined in June, data showed. Transaction counts are not the only indicator explaining price, but are seen as a key metric showing actual network usage. A drop suggests weaker interaction with the network by traders, applications and users than before.

The market is treating the metric more sensitively as it coincides with recent moves on XRP charts. XRP earlier this month slipped below a range it had held for months and at one point fell to around $1.10 before rebounding. Even after the rebound, upside momentum was limited. The 50-day and 100-day moving averages near $1.30 formed a strong resistance zone, and while buying pushed the price back above $1.15, the rise soon stalled.

In this process, the fact that on-chain activity did not support the rebound is seen as a burden. Transaction volume increased during the sharp drop, but network participation did not recover at the same pace during the price rebound. The outlet pointed to this as a case where prices rose without a confirming signal from underlying usage.

Future scenarios hinge on whether network activity recovers. If daily transactions climb back above 2 million, XRP could retest the $1.30 to $1.35 resistance band. A break above that zone could further improve the technical picture.

If no clear catalyst emerges, the article suggested the range between $1.10 and $1.30 could persist. The neutral scenario is that prices move sideways while market participants wait for stronger drivers.

Downside risk also remains. If the $1.15 support breaks and the decline in network activity continues, a bearish scenario could become clearer. In that case, XRP could retest the $1.05 to $1.10 zone where recent lows were formed, it said.

For now, daily transactions falling below 2 million does not immediately mean a sharp decline. Still, the metric was seen as showing that the “strong network expansion” needed for XRP to sustain a meaningful upside reversal has yet to be confirmed.