XRP Stuck in Range, but On-Chain Data Signals Brewing Momentum
According to market analyst DavidTheBuilder, XRP has been consolidating in a tight sideways range, trading between $2.84 and $3.08 since August 19.
While some traders interpret this stagnation as a lack of direction, fresh on-chain data is painting a more optimistic picture, hinting at an upcoming shift in momentum.
Over the past three days, active addresses on the XRP Ledger surged by 20%, a notable increase that suggests renewed network activity and growing user engagement.
Historically, spikes in active addresses have often preceded periods of stronger price action, as heightened utility can translate into sustained demand for the token.
DavidTheBuilder added, “Accumulation trend suggests bulls preparing to challenge the top of the range.”
Therefore, market participants are now closely watching whether XRP can break free from its current trading band.
The key resistance level remains at $3.08, with a decisive close above it potentially opening the door toward $3.20–$3.30, where heavier liquidity awaits. Conversely, support at $2.84 has so far held firm, giving bulls breathing room to continue accumulation.
Presently, XRP is holding the psychological price of $3.00 steadily as a wait-and-see approach takes center stage.
September 12 Marks XRPL’s Historic Leap with Decentralized Media Launch
According to market analyst Xaif Crypto, September 12 is poised to mark the most significant milestone in XRP Ledger’s history.
On this day, Decentralized Media will officially launch, creating a groundbreaking platform where journalists, reporters, and content creators from around the world can publish directly on-chain and earn instantly.
The initiative represents a transformative step for both blockchain technology and the media industry.
By leveraging the XRPL’s speed, scalability, and low-cost transactions, Decentralized Media aims to eliminate the traditional barriers faced by independent creators, delayed payments, heavy platform fees, and censorship concerns. Instead, creators will enjoy a direct, transparent, and secure publishing environment, powered entirely by blockchain.
Xaif Crypto emphasizes that this launch is not just a technological milestone but also a cultural one with industry experts opining that the ripple effects could extend beyond journalism.
With a secure on-chain framework, publishers, educators, artists, and independent thinkers worldwide could adopt the system, creating a vibrant knowledge economy rooted in transparency.
Furthermore, because XRPL is already recognized for its efficiency in cross-border payments, integrating content monetization within the same ecosystem could provide unmatched utility for XRP.
This launch also has potential implications for XRP’s market dynamics. New on-chain demand driven by thousands of transactions from content creation, tipping, and micropayments could strengthen XRPL’s utility case.
Analysts suggest that this could further validate XRP as not just a digital asset for financial institutions, but as a cornerstone of decentralized digital economies.
Meanwhile, Chinese fintech powerhouse Linklogis recently integrated its trillion-dollar supply chain finance platform with the XRP Ledger, and in the process, its stock rose by 23%.
Conclusion
September 12 promises to be a watershed moment for the XRP Ledger. With the launch of Decentralized Media, creators worldwide gain unprecedented access to a fast, secure, and transparent on-chain publishing ecosystem.
This milestone not only strengthens XRPL’s utility but also positions it at the forefront of the decentralized media revolution, reshaping how content is created, shared, and monetized globally.
On the other hand, while XRP’s price action remains trapped in a narrow range, the surge in active addresses signals that momentum may be shifting beneath the surface.
Source: https://coinpaper.com/10777/xrp-shows-signs-of-life-with-xrp-ledger-set-for-historic-leap-once-decentralized-media-goes-live
