Santiment has reported on early Monday morning that XRP ledger is having growth when it comes to the number of active addresses and new wallets created.
In the meantime, the XRP price is performing decently today, up almost 2% and now trading above $0.55.
The numbers are pretty impressive – we’re seeing 35,799 unique XRP wallets making moves, which is the highest we’ve seen since mid-July. That’s not all – 3,858 new wallets popped up in just one day, something we haven’t seen since March 14th.
Looking at Santiment’s chart, both active addresses and new wallet creation are hitting levels we haven’t seen in over 7 months. This kind of network activity usually means there’s growing interest in XRP, whether it’s from new users jumping in or existing holders getting more active.
XRP Ledger has spiked in active wallets significantly, reaching 35,799 unique wallets making at least one transfer in a single day, the highest in over 3 months. Additionally, 3,858 new wallets were created in a single day, the highest amount in over 7 months! pic.twitter.com/DcwTzh8NcE
— Santiment (@santimentfeed) October 20, 2024
While these metrics look promising for XRP holders, don’t expect immediate price fireworks. The real price movers are still going to be any major updates in the SEC vs Ripple case, which everyone’s keeping an eye on.
And of course, the broader crypto market needs to play ball too. If Bitcoin starts pushing toward new all-time highs, that could light a fire under XRP’s price. But for now, even with these solid on-chain metrics, holders might need to stay patient and watch how things unfold with the SEC case and overall market conditions.
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