XRP Shows Bottoming Signals as On-Chain Activity Rises Ahead of XRPL Upgrade
XRP is showing potential signs of stabilization after a prolonged price decline, with increased XRP Ledger activity and an upcoming protocol upgrade drawing renewed attention to the token. However, a sustained recovery will depend on whether buyers can turn the current price range into a durable support zone.While technical analysts are watching for a possible bottom, uncertainty around market demand and the adoption of new ledger functionality means the bullish case still needs confirmation.XRP Price Holds Near $1.30 as Traders Watch for a BottomXRP price has been trading around the $1.25–$1.31 range, according to the market levels highlighted in the current discussion. Rising transaction volume has attracted attention from traders looking for signs that selling pressure may be easing.XRP: THE BOTTOM IS INTransaction volume on the Ledger exploded last night as prices hovered around the $1.25 support.The total dollar value of coins transferred on-chain skyrocketed to $49.70 billion, coinciding with the rebound that is now taking place.This surge in… Higher on-chain activity can indicate increased network usage, but it does not automatically translate into stronger demand for XRP. The key question is whether transaction growth is accompanied by sustained buying pressure and an improving price structure.A successful defense of the current range could strengthen the bottoming thesis. However, a break below support would weaken that outlook and leave XRP vulnerable to another leg lower. Traders will need to watch for sustained price strength rather than relying on transaction volume alone.XRP Ledger Upgrade Puts Lending Functionality in FocusThe XRP Ledger is approaching an important protocol update scheduled for October 23. The upgrade includes fixes related to ledger functionality, while proposed lending and vault features remain part of the network’s broader development roadmap.🚨 JUST IN: The Ledger is preparing for a potential upgrade on October 23, with bug fixes awaiting sufficient validator support. ⚙️ The update highlights continued technical development across the XRP Ledger, but its direct impact on XRP’s market price remains uncertain. For investors, the more meaningful signal will be whether development progress translates into measurable growth in network usage, liquidity and demand for XRP.What’s Next For XRP?XRP’s recovery prospects depend on whether rising network activity translates into sustained buying pressure. Holding the $1.25–$1.31 range could strengthen the bottoming thesis, while a breakdown below support would weaken the bullish setup. The October 23 XRPL upgrade adds a development catalyst, but its impact on price will depend on adoption and actual network usage. Despite ambitious long-term forecasts, XRP needs stronger price momentum and confirmed support before a broader recovery can be considered sustainable.