CandleFocus XRP On-Chain Activity Hits 6-Month High Amid Renewed Market Interest
2024-10-27
Author: Content Editor
Activity on the XRP blockchain has experienced a resurgence, with a significant increase in on-chain activity and the number of active sending addresses reaching a six-month high. This indicates a renewed interest in XRP and potentially the broader crypto market. However, the recent decline in XRP's price, which was influenced by a broader market downturn following news of an investigation into Tether for money laundering, suggests that the momentum may not persist. Despite this, there has been a growth in new wallet creations and AMM liquidity provision on the XRP Ledger.
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