XRP Ledger Reaches 5 Million Active Addresses
The XRP Ledger has achieved a significant milestone by surpassing 5 million active addresses. This growth indicates that XRP continues to be a popular choice among altcoin investors. Additionally, after a decline in altcoin prices, XRP has seen gains in its 24-hour price.
XRP Ledger Surpasses 5 Million Accounts
Recently, the XRP Ledger exceeded 5 million accounts, signaling potential mainstream adoption and a subsequent price rally for XRP. Currently, there are 5,001,597 active XRP addresses.
The XRP Ledger has surpassed 5 million active accounts: pic.twitter.com/twe4sCUcPJ
— XRPScan (@xrpscan) January 8, 2024
XRP Holding Distribution
The 5 million addresses collectively hold 99,988,008,711 XRP tokens. However, 40,508,410,417 tokens are currently in escrow. This leaves a circulating supply of 59,467,607,004 XRP tokens with a market cap of $30.97 billion.
A large portion of the tokens are concentrated in a few addresses. Ripple controls eight escrow accounts holding 40.5 billion XRP (46.5% of total supply), while they also own 4.5 billion spendable XRP tokens.
Price Rally Imminent?
This milestone reflects growth in the XRP ecosystem and could lead to higher demand for XRP, potentially impacting its price positively. Currently trading at $0.5714, an increase in adoption could propel XRP to reach $1 this year. With a bullish sentiment in the wider crypto market, XRP may even surpass its all-time high of $3.84.
According to a Wall Street expert, XRP has a promising future and meets the criteria for a good investment.
Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro’s insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension. Guiding both seasoned pioneers and curious newcomers, Bitro’s insights forge a compass for astute decision-making within the ever-evolving cryptoverse. With the craftsmanship of a linguistic artisan, they craft narratives that enrich the evolving chronicle of the crypto cosmos.