XRP on-chain activity has surged, with active addresses reaching a six-month high of 12,230.
New wallet creations increased by 10.39%, while overall transaction volumes declined.
Despite this uptick, XRP’s price recently fell below £0.50 due to broader market concerns.
Activity on the XRP blockchain is experiencing a remarkable resurgence. Recent data from CryptoQuant highlights a significant uptick in on-chain activity for XRP, with the number of active sending addresses reaching a six-month peak.
This renewed momentum has seen 12,230 active addresses engaged in daily activity, indicating a resurgence in market interest in XRP.
What Heightened On-Chain Activity Means for XRP
CryptoQuant analyst Maartunn pointed out that this uptick strongly indicates shifting sentiment in favour of XRP and potentially the broader crypto market. Increasing active addresses often reflects heightened interest and asset movement on a blockchain, suggesting a rise in XRP’s relevance and utility.
Maartunn concluded by noting that whether this momentum will persist remains to be seen, but the recent activity is an encouraging sign for XRP holders.
XRP Price Perform…
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