CandleFocus Big On-Chain Activity Shows Massive Interest in XRP Rising
2024-10-21
Author: Content Editor
Despite XRP's lackluster price performance, there has been a surge in on-chain activity on the XRP Ledger. The cryptocurrency has been underperforming compared to other assets, but users have renewed interest in the blockchain amidst increased usage. The number of active wallet addresses on the XRPL network has reached multi-month highs, and new addresses are being created at a significant rate. This uptick in on-chain activity has not yet affected the price of XRP, but the community remains optimistic about a potential uptrend. Market analysts have speculated ambitious price movements for XRP, with targets ranging from $1.4679 to $7.5. The current price of XRP is $0.55, with a slight increase in the past 24 hours.
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