The XRP Ledger has recently experienced a significant increase in activity, registering approximately 2,649 new accounts in a single day. This surge in new accounts coincides with daily payment counts consistently exceeding one million transactions, indicating robust network demand. Despite this growth, XRP's price remains in a consolidation phase, hovering between $1.40 and $1.45, as it attempts to recover its 100-day EMA after breaking a descending resistance line from March. Traders are closely monitoring the situation as XRP buyers continue to defend the $1.30 to $1.35 support zone. However, the 200-day EMA near $1.70 remains a critical resistance level that must be surpassed to confirm a long-term bullish reversal. While the network's expansion is promising, the market awaits further price confirmation to validate a sustained recovery.