XRP Ledger saw an influx of 489,739 new accounts during the first six months of 2026, pushing the total to 8.4 million users by July. This surge reflects growing network activity despite XRP’s price remaining under pressure for most of the year.
Trading volumes stay solid with daily turnover around $1.06 billion, slightly below bullish market highs. However, XRP’s price has dropped about 41% year-to-date, hovering just above the key $1 mark at roughly $1.07. The token’s price faces strong resistance between $1 and $1.16, caught in a sideways trend that might signal more selling ahead.
Supply Shifts and Institutional Moves
Exchange supply has shrunk to a seven-year low at 2.748 billion XRP, suggesting accumulation as holders move coins to self-custody. Spot ETF inflows have reached $1.5 billion, around 1.48% of XRP’s market cap, with daily net inflows also steady. Ripple’s recent launch of institutional RLUSD stablecoins on both XRP Ledger and Ethereum supports this momentum. The circulating RLUSD supply stands at over $1.5 billion combined across both networks.
Technically, XRP is only 6.67% above the $1 threshold. If it falls below that, the bearish trend dominating 2026 will likely intensify. Yet, current network growth and declining exchange liquidity hint at underlying strength. This dynamic leaves XRP at a crossroads as traders watch for signs of a breakout or breakdown.
This content is for informational purposes and does not constitute financial advice.
