XRP activity surges as Ledger users exceed 500,000 and price consolidates

XRP Ledger activity strengthened, with about 500,300 active users, up 187.1% over the newer measurement period, while separate Santiment data showed active addresses rising 654.71% from 47,180 on August 10 to 356,070 on August 24. The newer account attributed the increase mainly to heavier use by existing users, as newly created accounts fell 34.6% to 1,400 and active accounts declined 26.9% to about 10,100. Successful transactions rose 48.4% to roughly 1.5 million, total transactions increased 36% to 1.7 million, payments climbed 53.5% to 705,100 and transactions per ledger jumped 131.2% to 140.26. However, closed ledgers fell 41.2% to 12,100, the average ledger interval increased 1.6% to 3.92 seconds, XRP burned as fees declined 32.4% to 189.2 XRP and payment volume fell 17.8% to about 245.2 million XRP. XRP pulled back and consolidated near $1.36-$1.40 after rising from about $1.00 and briefly reaching $1.70. A weekly close below the 50-week EMA near $1.54 was called a "major caution signal" by ChartNerdTA, although holding $1.35-$1.40 could preserve the breakout structure and a move above $1.50 could reopen a path toward $1.70. Binance open interest rose about 14.8%, leverage reached approximately 0.213, futures volume neared $6.4 billion versus roughly $1.2 billion in spot volume, and net taker volume fell to -$96 million, increasing liquidation risks despite stronger network participation and spot demand.

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