Daily active users on the XRP Ledger have topped 150,000. Blockchain outlet U.Today reported on Wednesday that the number of active users on July 21 was about 157,200, breaking above 150,000 for the first time in recent weeks. The figure is among the highest levels this month.

A rise in active addresses alone cannot confirm a price increase. Still, the metric is used as a yardstick for actual network activity. If the user count rises, interactions, payments and transfers within the XRP Ledger are also more likely to have increased, rather than speculative trading on exchanges. In past bull markets, increases in active users have often appeared alongside relatively better price moves.

The latest reading draws attention less for the size of the increase than for the stability of the trend. Daily users on the XRP Ledger have mostly held between 120,000 and 160,000 over the past month. That suggests participation has been relatively steady, unlike patterns of sharp surges followed by steep drops driven by speculation.

Price action, however, remains limited. XRP has moved in a narrowing range for weeks and is now trading around $1.13. On the daily chart, it is attempting to break above the top of a short-term symmetrical triangle. It has moved above the 26-day exponential moving average, but the 50-day and 200-day lines remain above, making it difficult to say a trend reversal has been confirmed.

Technical indicators have improved somewhat from early this month. Buying has repeatedly defended a rising support line, avoiding further declines. The relative strength index is around 54, indicating a neutral to mildly bullish zone without overheating.

Overhead resistance is concentrated in the $1.16 to $1.24 range. Several moving averages overlap in that zone. If XRP breaks through that resistance, it could open the way to $1.30. If it fails to hold the current breakout area, it could be pushed back toward support at $1.08.

XRP is showing a gap between on-chain activity and price. Network participation has recovered to levels seen in stronger market phases, but the price is still below its previous peak. A price recovery may gain support only if growth in active users and transaction activity continues and XRP clears key resistance levels.