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The spikes in address activity resulted in XRP decoupling 4% from the rest of the altcoin market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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XRP
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-0.76%
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XRP was trading above $0.50 at press time following a 4.26% gain.
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Santiment, the blockchain intelligence firm, shared in a tweet today that the Ripple network recently recorded its second and third biggest address activity spikes.
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At press time, the meme coin’s price stood at $0.000008785 according to CoinMarketCap. This was after the crypto printed a 2.59% gain over the past 24 hours.
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2,538 new SHIB addresses were created on 26 May 2023 alone, which is the highest increase in 3 months.
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a drop back below the support level at $0.27128 will result in the altcoin’s price plummeting to $0.22672.
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