Point of Focus

• XRP is holding above the critical $1.05 support level.
• However, weakening onchain activity continues to limit the strength of its recovery.
• XRP is trading below its major MAs and facing key resistance around $1.11.

XRP (XRP) has managed to stabilize above the critical $1.05 support zone, but the recovery remains fragile as weakening onchain activity continues to overshadow Ripple’s expanding ecosystem.

While the token has bounced modestly toward $1.07 after several consecutive losing sessions, blockchain data suggests network participation has cooled significantly, limiting the strength of any bullish momentum.

At the same time, Ripple continues to strengthen the long-term investment case for XRP.

Recent developments, including growing adoption of the RLUSD stablecoin, Ripple’s participation in the Linux Foundation-backed x402 Foundation for AI payments, and ongoing discussions around XRP’s role as a bridge asset, highlight that the network’s utility continues to evolve even as price struggles.

Onchain activity points to weaker network demand

The biggest headwind for XRP currently comes from declining blockchain usage.

According to Santiment data, the number of newly created XRP Ledger addresses has dropped sharply to around 800, compared with around 2,000 the previous day and a recent peak of about 6,600 at the end of June.

Active addresses have followed a similar trend.

Daily active wallets have fallen to about 2,200, nearly half the level recorded just one day earlier. Because active addresses measure users sending or receiving assets across the network, the decline suggests reduced transactional demand rather than simply lower speculative trading.

Historically, sustained increases in both metrics have often accompanied stronger price appreciation as more users interact with the network.

Their current weakness indicates that, despite XRP holding above key support, organic network growth has slowed considerably.

Combined with cautious institutional participation and softer whale activity observed in recent weeks, the onchain picture remains one of the weakest aspects of XRP’s current market structure.

Ripple continues expanding XRP’s long-term utility

Despite muted blockchain activity, Ripple continues building infrastructure designed to increase XRP’s real-world use.

One area attracting renewed attention is RLUSD, Ripple’s US dollar-backed stablecoin. Recent discussions around stablecoin migration have revived debate over XRP’s role as a bridge asset capable of facilitating liquidity between tokenized assets and fiat-backed digital currencies.

Ripple is proud to join the x402 Foundation as a Premier Member.

As AI agents begin to take on more of the transaction lifecycle, they'll need a way to pay that's as fast and reliable as the way they already exchange data. We've been helping build that future on the XRP Ledger… https://t.co/eSzTyXBQFm

— Ripple (@Ripple) July 14, 2026

While the proposal should not automatically be viewed as an immediate catalyst for XRP’s price, it reinforces Ripple’s broader strategy of positioning the XRP Ledger as enterprise infrastructure rather than simply a payments network.

Ripple has also joined the x402 Foundation as a premier member alongside companies such as Amazon Web Services, American Express, Circle, Stripe, Visa, Mastercard, and Google.

The Linux Foundation-backed initiative aims to develop an open payment standard that allows AI agents, applications, and APIs to exchange value directly over the internet. Within that framework, both XRP and RLUSD already support x402-compatible transactions.

Can technical support hold until fundamentals catch up?

From a technical perspective, XRP remains trapped inside a bearish structure.

The token continues trading below its 50-day, 100-day, and 200-day exponential moving averages (EMAs), confirming that sellers still control the broader trend. Immediate resistance sits near $1.11, where a descending trendline has repeatedly capped recovery attempts.

Momentum indicators also remain cautious.

The relative strength index (RSI) is hovering around 40, indicating buying momentum remains weak, while the moving average convergence/divergence (MACD) has turned only marginally positive, suggesting bulls have yet to regain meaningful control.

On the downside, the Parabolic SAR near $1.04 continues providing immediate support. Losing that level could expose XRP to another test of the psychologically important $1.00 area.