Ripple announced the launch of $RLUSD, its own stablecoin backed 1:1 by the US dollar.
LAUNCH 2024.
Ripple is a money transfer network designed to meet the needs of the financial services industry.
Important Indicators for On-Chain Analysis $XRP
1. Number of active addresses
o Currently there are about 60 thousand active addresses per day. This indicates stable use of the network and the activity of its users.
2. New addresses
o The average number daily is about 5 thousand. The increase in the number of new addresses indicates an influx of new participants into the XRP ecosystem.
3. Transaction volume
o Transaction volume: The transaction volume on the XRP network reaches approximately 2 billion XRP per day, which is equivalent to several billion dollars. High transaction volume indicates high liquidity and widespread use of the network.
4. Clean streams
o XRP more funds are withdrawn from exchanges than deposited. This is often interpreted as a sign that large investors are accumulating an asset.
5. Exchange reserve
o Exchanges hold approximately 18% of XRP's total working capital. A 5% year-over-year decline in stock reserves indicates easing selling pressure.
6. Capital inflow and outflow
o XRP has attracted $100 million in new funds over the past month, with about $80 million withdrawn. This balance of inflows and outflows helps assess investor confidence and current capital allocation.
7. Social activity and acceptance
o Social activity: XRP is on social media, with over 200k mentions per month on platforms such as Twitter and Reddit. The high level of discussion on social media helps maintain interest and acceptance of cryptocurrency within the community.
Conclusion
#XRP continues to be one of the leading crypto assets on the market.
💰 #cryptotrading#обучениекриптовалюте#Trending#Crypto #Pumping
