XRP has been making waves in the crypto market lately! 📈In the past 30 days, XRP prices have surged 232%, and on-chain metrics are also showing positive signs of recovery. According to xrpscan, the number of active accounts on the XRP network surged from 15,592 on November 1 to 47,044 on November 16, with the total number of active accounts doubling on average to around 25,000. At the same time, the surge in new accounts on the XRP ledger also indicates a large influx of new users.
Although analysts predict a target price of XRP between $1.95 and $2.05, it is worth noting that since November 16, XRP's price and trading volume have been inversely correlated, showing that the market may be in a distribution phase. 📊This means that traders may be considering selling. 🔍