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Ripple [$XRP] is slightly down by around a percent but still accounts for a sizeable daily trading volume. The altcoin’s daily volume is about $1.06 billion, slightly lower than the high volumes experienced in a bullish market.
This significant volume results from high network activity growth. Despite that, the price of $XRP is lagging, down about 41% year-to-date (YTD).
Network activity on $XRP Ledger explodes
On-chain data showed immense network growth across multiple divides.
For instance, the $XRP Ledger has added 489,739 new accounts in the first half of 2026. As a result, they have hit a new peak level of 8.403 million in July, up from 7.913 million.
Additionally, exchange supply declined to a new 7-year low of 2.748 billion $XRP tokens. This indicates accumulation is in progress as coins are moving to self-custody, reducing circulating supply.
Moreover, the cumulative spot ETF inflows hit $1.50 billion, accounting for about 1.48% of the market cap. The daily total net flow was $5.98 million, with a total traded value of $8.83 million.
On top of that, Ripple Mint went live for institutional $RLUSD. In fact, $RLUSD’s market cap was growing on both the $XRP Ledger and the Ethereum [ETH] network.
Recently, Ripple minted 15 million $RLUSD on Ethereum and then burned 10 million $RLUSD in their treasury. The circulating supply of $RLUSD on Ethereum has climbed above $712 million, behind the $XRP Ledger with $873 million.
Can this help $XRP price stay above $1?
Meanwhile, the price of the altcoin is around $1.07, a few cents above $1.
Over the past three months, $XRP price is down 21.8% and 36.6% in six months. It is still down by more than 66% since last July.
This data confirms the trend is bearish, which risks the altcoin breaking below $1. $XRP is only 6.67% away from trading below $1. However, it was trading above the SuperTrend, which was also above this key support level.
The RSI was at 43, below the neutral level, indicating there was mid-selling activity. However, the selling did not outweigh the buying activity as per the exchange supply balances.
Technically, the altcoin is trapped between two dynamic levels at $1 and $1.16. The sideways market reinforces the decline in exchange balance.
Therefore, the growing network activity may help the price hold above the lower support level at $1. If the price breaks down, the bearish market that has persisted for most of 2026 will continue.
Final Summary
- $XRP network activity explodes with 489.7K new accounts added, low exchange balance, and $RLUSD market cap growth.
- $XRP price was trading above $1, with mid-selling hinting at a test of the demand zone, but can bulls hold it?