#Gate事件合约晒单挑战

#XRP Ledger Shows Bigger Value Despite Fewer Active Accounts

Q2 ACTIVITY SHIFT

The latest XRP Ledger data shows an interesting divergence in network activity. Daily active accounts fell 24% year over year to 16,600, but average daily order-book volume increased 79% to 3.57 million XRP.

That combination matters. Fewer active accounts are participating, yet the amount being traded through the order book has increased significantly. This suggests that the activity that remains is becoming more concentrated around larger transactions rather than being driven purely by a growing number of smaller users.

THE $4.26B SIGNAL

The biggest number in the report is the combined value of tokenized assets and RLUSD, which reached approximately $4.26 billion. Six quarters earlier, that figure was only around $99 million.

That is a massive change in the type of value being represented on XRPL. Instead of looking only at user counts, the market is increasingly watching how much financial value is actually being held and moved through the ecosystem.

ORDER-BOOK MOMENTUM

The 79% increase in average daily order-book volume to 3.57M XRP is particularly interesting because it moves in the opposite direction from active-account growth.

For me, this is one of the most important takeaways from the Q2 numbers: participation declined, but market activity became more valuable per participant. That can indicate a shift toward larger-value trading and institutional-style activity, although it should not automatically be interpreted as guaranteed future XRP price appreciation.

XRP AT $1.41

XRP is currently trading around $1.41, putting the token near an important psychological support area. Current market data also shows XRP around $1.40–$1.42, while recent price action has remained under pressure.

Technically, $1.40 is the first level I would watch closely. Holding this area could give buyers an opportunity to build a base, while a decisive break below it would weaken the short-term structure.

On the upside, $1.50 becomes the first major psychological resistance. If XRP can reclaim $1.50 with stronger volume, the next area I would monitor is around $1.58–$1.60.

THE BULLISH SETUP

The bullish case is straightforward:

$1.40 holds → consolidation

$1.50 reclaimed → momentum improves

$1.60 breaks → stronger recovery signal

If XRP can stabilize above $1.40 and gradually reclaim $1.50, the technical picture would begin looking healthier. The combination of increasing order-book activity and expanding tokenized-asset value would then provide an interesting fundamental backdrop for the recovery.

THE BEARISH RISK

The downside scenario starts with a decisive loss of $1.40.

If sellers push XRP below this psychological level and volume increases, the market could look toward approximately $1.35 as the next area of interest. Recent September data has already shown XRP trading around the $1.35 region before recovering toward $1.40.

That makes $1.35 an important short-term reference rather than an automatic target.

THE BIGGER XRPL STORY

What makes this report interesting is the contrast between users and value.

Active accounts: 16,600, down 24% YoY

Order-book volume: 3.57M XRP, up 79% YoY

Tokenized assets + RLUSD: $4.26B

Previous comparable value: $99M

The network therefore does not currently tell a simple “everything is growing” story. Instead, it shows fewer active accounts alongside substantially greater trading volume and dramatically higher value represented through tokenized assets and RLUSD.

MY XRP MAP

At around $1.41, these are the levels I would keep on the chart:

$1.40 — key psychological support

$1.35 — secondary support

$1.50 — first major resistance

$1.58–$1.60 — stronger recovery zone

For me, the most important confirmation would be XRP holding $1.40, followed by a reclaim of $1.50 with improving participation.

If $1.40 fails decisively, I would become more cautious and watch $1.35.

The Q2 XRP Ledger data tells a more nuanced story than simply looking at the number of active accounts.

Yes, daily active accounts declined 24%. But at the same time, average daily order-book volume jumped 79%, while tokenized assets and RLUSD reached approximately $4.26B, compared with just $99M six quarters earlier.

At $1.41 XRP, the market is now sitting near a critical technical decision zone.

The key question for me is not simply whether XRPL has more users.

It is whether the rapidly increasing value and trading activity on the network can eventually translate into stronger demand for XRP itself.

$1.40 is the line I’m watching first. $1.50 is the reclaim level. $1.60 is the next major confirmation zone. @Gate_Square