Interest in XRP from investors continues to grow gradually

According to CryptoQuant, the number of new wallets for storing XRP increased by 10.39% over the past month, reaching 18,321. However, the total number of transactions on the Ripple network during the same period decreased by 17.57%, amounting to 18.82 million.

At the same time, the volume of XRP trading on decentralized exchanges (DEX) increased by 17.6%, from 3.91 million$ to 4.60 million$ in the period from September 15 to October 15, according to the CryptoQuant report.

Currently, the price of XRP is $0.525, and its capitalization has decreased by 3.22%, reaching 29.817 billion$ , according to CoinMarketCap.

Analysts note that interest in XRP from institutional investors continues to grow. The main platform for XRP whales remains Binance, which is used to buy, sell and redistribute tokens.