Recently, Ripple's XRP Token has been fluctuating within a narrow range, attracting the market's attention to its future trend. Although the price fluctuation has been relatively mild, some signs indicate that long positions may be quietly accumulating.

Since mid-August, the price of XRP has been constrained within a horizontal channel, reflecting a relative balance of power between buyers and sellers. Specifically, XRP has struggled to break through the resistance level of $3.08 while firmly holding the support level of $2.84. This pattern typically indicates that market participants are waiting for clearer directional signals.

However, the latest on-chain data seems to bring a glimmer of positivity for the future trend of XRP. According to a report from the blockchain analysis platform Santiment, the number of daily active addresses on the XRP Ledger has shown a steady upward trend in recent days. This increase in metrics is often seen as a signal of rising user engagement and network activity, which may indicate that demand for XRP is on the rise.

It is worth noting that while the technical indicators show that XRP is in a range-bound fluctuation, improvements in the fundamentals may lay the groundwork for a future breakout. As more users interact with the XRP Ledger, this could provide upward momentum for the token price.

However, investors and traders still need to remain cautious. Without clear breakout signals, XRP may continue to fluctuate within the current range. Market participants should closely follow the performance of key resistance and support levels, as well as further developments in on-chain activity.

Overall, the current market situation of XRP presents a complex picture. Although the price is temporarily stuck in a range consolidation, the increase in on-chain activity may indicate potential changes. As the market continues to evolve, whether XRP can break through the current range will be the focus of many observers.