Unprecedented Surge in XRP Ledger Activity 🚀
The XRP Ledger has recently witnessed a substantial increase in activity, with both new and existing addresses reaching levels not seen since March. This surge coincided with a significant price rise of nearly 29% in a 30-day period.
Here are some key points highlighting the surge in XRP Ledger activity:
- On-chain data reveals a remarkable uptick in new XRP wallet creation.
- A total of 1,721 new wallets were created in a single day last week, the highest daily count since March 30.
- The number of active addresses on the XRP Ledger has also experienced a notable increase.
- 47,363 individual addresses engaged with the network on a single day, the highest level of activity since March 9.
XRP Accumulation By Crypto Whales 🐳
As per reports by cryptocurrency analyst Ali Martinez, crypto whales have accumulated over 140 million XRP, equivalent to approximately $84 million, in just one week amidst a significant rise in the cryptocurrency’s price.
Key insights on XRP accumulation:
- The accumulated amount of XRP suggests bullish movement in the market.
- The price of XRP is predicted to potentially surge to $36 in the near future.
XRP Price Movements and Predictions 📈
A notable cryptocurrency analyst, Dark Defender, mentioned on X (formerly known as Twitter) with over 100,000 followers, that XRP has entered a “qualification mode” after surpassing key resistance levels.
Further insights into XRP price movements and predictions:
- If XRP decisively breaks through the $0.6649 mark, it could experience a breakout to reach potential targets at $1.88, $5.86, and even $18.23 based on Fibonacci retracement levels.
- Bullish sentiments are growing around XRP following its recent price surge.
Positive Outlook for XRP Price Rally 🚀
Another well-known cryptocurrency analyst, Milkybull Crypto, shared optimism with his followers on X (formerly Twitter) stating that the rally in XRP’s price is just the beginning and drawing parallels to a similar rally seen in 2017.
Hot Take: XRP Shines Bright Ahead 🌟
The recent surge in XRP Ledger activity coupled with bullish price predictions and whale accumulation indicates a positive outlook for XRP. It will be interesting to see how XRP’s price journey unfolds in the coming days.
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