Ripple active addresses up 30%, XRP near $0.43

Santiment reported over 30% growth in Ripple active addresses on Tuesday.

XRP traders await the SEC's July 31 ruling on Ripple's case.

July losses for Ripple investors exceeded $144 million.
On Tuesday, XRP is worth $0.43, up roughly 1%.

Ripple (XRP) traders are trading more on-chain. Tuesday saw more active trading, indicating XRP's growing popularity.

Bitcoin is again over $57,000, encouraging traders. On X, pro-crypto attorney Fred Rispoli predicted that the SEC vs. Ripple dispute would terminate in July 2024. XRP traders may be monitoring lawsuits and crypto trader mood for hints on its future.

As shown on Santiment, Ripple's active addresses rose 30% to 22,256 on Tuesday.

The growth in active addresses indicates that traders and exchange platforms value the asset more.


July's Santiment crypto intelligence tracker Network Realized Profit/Loss measure (NPL) reveals traders lost over $144 million. Trading capitulation might signal the cryptocurrency will soon rebound from its current drop.
Negative NPL spikes reflect XRP traders' losses.


XRP traders expect the SEC vs. Ripple litigation to terminate before July 2024, according to Attorney Fred Rispoli. This pro-crypto attorney predicts a July 13 SEC vs. Ripple judgment.

Ripple rebounded from its July 5 2024 low of $0.3823. On Tuesday, the altcoin is at $0.43. The XRP/USDT daily chart's RSI suggests Ripple is out of the oversold zone.

On Friday, July 5, the RSI fell below 30. Since then, Ripple's uptrend has strengthened as the RSI has reached 37.89.

The chart below shows XRP might reach the Fair Value Gap's upper threshold at $0.4611. Altcoins meet resistance at psychologically significant $0.50.

#XRP #Ripple $XRP