[DigitalToday reporter Jinju Hong (홍진주)] A key usage indicator on the XRP Ledger has stopped falling and rebounded, bringing the XRP price close to a major resistance zone.

On July 20 local time, blockchain outlet U.Today reported that average transactions per ledger on the XRP Ledger rebounded from a recent low and has now risen to close to 60.

The indicator stayed weak for months as network activity slowed, but the decline has recently stopped and it has started moving higher again. The increase is not large, but the outlet said it was a "significant directional shift" after weeks of decline. Activity per transaction is seen as reflecting actual network use rather than short-term speculative demand.

A rise in transactions per ledger suggests participation by users and applications within the XRP ecosystem could be reviving. That is also why recent changes in on-chain indicators are taken as signals of internal network demand, separate from short-term price moves.

Price action has also entered a technically important zone. XRP is trading around $1.09 and is up against a downward resistance line. As support rises and resistance falls, a tightening triangle pattern is rapidly approaching its final stage.

Some technical indicators also appear to be stabilising. The relative strength index, or RSI, recovered after being in oversold territory in early summer and is now moving around 46, a neutral level. Still, it is hard to say the momentum itself is strong. The outlet also assessed that "the momentum is not that big."

Even so, there are signals that downward pressure has eased somewhat. Selling has repeatedly failed to push XRP below the $1.00 to $1.03 support zone. That suggests bearish momentum is weakening. Upper resistance remains clear. XRP is still trading below its 50-day, 100-day and 200-day moving averages, and the first key resistance zone is formed at $1.10 to $1.13.

If XRP breaks through that zone, the technical significance could grow. The outlet said that a move above $1.10 to $1.13 would be likely to "confirm a triangle breakout and strengthen the basis for a larger recovery move." The recent increase in trading activity was also presented as an early change supporting that scenario.

Still, it is difficult to conclude a trend reversal based on a single on-chain indicator. The stabilisation in transactions on the XRP Ledger is a meaningful change, but whether it becomes an actual trend shift depends on whether the price breaks resistance and the recovery in network use continues. In this situation, XRP is moving closer to a turning point where technical trends and underlying indicators begin to move in the same direction.