the price of XRP has risen by 232% in the past 30 days, and its on-chain indicators also show 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 in November doubled on average (an increase of 100%) from around 12,000 to 25,000 this month. Similarly, the number of new accounts activated on the XRP ledger in November has also increased significantly, indicating that there are a large number of new users entering the network.
Analysis suggests that the current target price for XRP may be between $1.95 and $2.05, but it is important to note that since November 16, the price and trading volume of XRP have shown an inverse correlation, indicating that XRP is undergoing a distribution phase and market traders may be seeking to sell.
