XRP Defends Key Support Level Amid Rising On-Chain Activity

XRP has been holding steady at $1.40, a level that has historically served as a strong psychological and technical support zone for the asset.

This price point is crucial for XRP, as a decisive break below it could open the door to further downside, while a bounce from here might signal the start of a recovery phase.

Rising on-chain activity, including an increase in active addresses and transaction volumes over the past several days, suggests that users are still actively transacting on the XRP Ledger.

This uptick in network usage is seen as a positive sign for XRP, indicating that there may be underlying demand for the asset even when the broader market sentiment is cautious.