XRP prices have risen 232% in the past 30 days, and its on-chain indicators are also showing positive signs of recovery. Xrpscan data shows that the number of active accounts or unique senders on the XRP network has increased from 15,592 on November 1 to 47,044 on November 16. The total number of active accounts doubled on average in November (up 100%) from around 12,000 to 25,000 this month. Similarly, the number of new accounts activated on the XRP ledger in November also increased significantly, indicating a large influx of new users on the network.
Analysts believe that the current XRP target price may be between $1.95 and $2.05, but it is worth noting that since November 16, XRP prices and trading volumes have shown an inverse correlation, indicating that XRP is undergoing a distribution phase and market traders may be looking to sell.

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