XRP Metrics Surge as Price Tests Key Support Level

The XRP ecosystem is showing clear signs of revitalization despite recent price weakness. Data from xrpscan.com reveals that on September 22, the number of XRP payments from one account to another exceeded one million for the first time since September 12, indicating substantially increased network utilization. This milestone coincides with other key metrics reaching multi-week highs, including the number of active accounts, executed transactions, and average transactions per ledger.

Perhaps most significantly, the total number of active accounts on the XRP Ledger recently surpassed seven million, with each wallet holding at least one XRP. This growth in fundamental usage metrics suggests underlying demand for the asset is strengthening, even as price action remains volatile. The divergence between strong network activity and weak price performance creates an interesting dynamic that market participants are closely monitoring.

Despite the positive fundamental developments, XRP experienced a substantial pullback at the start of the business week, tumbling to a two-week low of $2.78 before settling around $2.81. This price action has placed the token at a technical crossroads, with renowned analyst Ali Martinez identifying $2.71 as a critical support level. According to Martinez, maintaining this level could pave the way for a rebound to $3.60.

Notably, large investors appear to be viewing the correction as a buying opportunity. Martinez revealed that whales accumulated approximately 30 million XRP tokens within a 24-hour period during the dip. Such substantial accumulation reduces circulating supply and historically precedes price spikes, assuming demand remains constant or increases. Additionally, XRP’s Relative Strength Index (RSI) recently dropped to a three-month low, suggesting the asset may be oversold and poised for a potential rally.

Beyond price and network metrics, Ripple continues to make strategic institutional inroads. The company recently announced a partnership with digital asset securities firm Securitize to introduce a smart contract that would allow holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized funds to exchange their shares for Ripple’s stablecoin, RLUSD. This development marks the first inclusion of RLUSD into Securitize’s platform and represents significant validation from traditional finance heavyweights.

Carlos Domingo, co-founder and CEO of Securitize, emphasized the partnership’s significance: ‘Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets. Together, we’re delivering real-time settlement and programmable liquidity across a new class of compliant, on-chain investment products.’ Securitize also plans to integrate with the XRP Ledger itself, potentially bringing new utility and access to the ecosystem.

The current XRP landscape presents a complex picture where strong fundamentals contrast with technical weakness. The resurgence in network activity—evidenced by transaction volumes, active accounts, and payment metrics—suggests organic growth and utility are expanding. Meanwhile, whale accumulation during price dips and oversold technical conditions hint at potential near-term price recovery.

For investors, the key question is whether the strengthening fundamental usage will eventually translate into price appreciation. The $2.71 support level identified by analyst Ali Martinez serves as a critical line in the sand. A successful defense of this level, combined with continued institutional developments like the Securitize partnership, could create the conditions for XRP to validate its recent network growth with corresponding price momentum.