XRP Ledger reached record levels in the number of new addresses and transactions. XRP price increased by 8.63% to $0.60. Solana, on the other hand, gained 33% in value in the short term, rising to $169.19. XRP, one of the biggest uncertainties in the cryptocurrency world, created excitement among investors despite the litigation process that has been going on for years. There was a significant increase in address activity on the XRP Ledger this week, and this increase occurred simultaneously with the rise in the XRP price.
Cryptocurrency analysis firm Santiment has recently detected a significant increase in the number of both newly created addresses and total addresses active on the network in XRPL. Both metrics reached their highest levels since March.
XRP Ledger attracts attention with both the creation of new addresses and the increase in interactions on the network. A positive movement is usually observed in such network activities. However, spikes often begin with a "FOMO effect" and may be followed by corrections. We can say that we are currently in a testing period to see how XRP will continue its activities at these levels.
In the last 24 hours, XRP price increased by 8.63% and is trading at $0.60. While the market volume exceeded 33 billion dollars, there was an 11% decrease in transaction volume.
Regarding Solana (SOL), Santiment stated that there is short-term upward potential in altcoins. Solana has shown a 33% price increase since July 4, and this increase is considered a process in which investors' patience has paid off. SOL's rise could surpass $200 if confidence (FUD) replaces lack of confidence (FOMO) in the market.
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