Something is happening with Ripple. Not only has the price increased in the past few days, but network activity has also reached top levels recently.
Address activity on the Ripple network has peaked for two consecutive days. This is shown by data from the blockchain analysis platform Santiment.
According to Santiment, the blockchain has only managed a higher value once before, on 18 March 2023.
According to the data, the network recorded 490,000 active addresses on 28 May. One day later, the value was 280,000. Sentiment calls this historic double peak a "milestone".
The native token of the Ripple Blockchain (XRP) was able to record price gains in the past few days. At the time of writing, the cryptocurrency is trading at 0.514 US dollars.
Ripple is currently in litigation with the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse predicted an early end to the proceedings just a few days ago. The SEC accuses the network of trading with unregistered securities.
