The XRP Ledger (XRPL) has achieved a significant milestone, surpassing 6 million accounts, demonstrating its growing adoption in financial and transactional applications. The recent surge in XRP's price, exceeding 500% since November 2024, has led to a substantial increase in the number of XRP wallets. Analysts attribute this rally, in part, to the anticipation surrounding a potential XRP ETF, which could attract billions in investment.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. According to recent statistics, there are 6,005,155 accounts on the XRP Ledger, a figure that is continuously growing. These accounts hold a total of 62,248,702,727 XRP, while 3,218 addresses have zero XRP balances. The XRP Ledger (XRPL) is a decentralized, open-source blockchain renowned for its unique consensus mechanism. Unlike proof-of-work systems, XRPL’s consensus algorithm ensures faster transaction finality while minimizing costs, making it particularly well-suited for financial applications. This latest milestone of six million accounts underscores the growing adoption of the XRPL for both financial and transactional purposes. Bitcoin Logs Record-Breaking Holiday Volume XRP has recently experienced a surge in popularity, leading to a dramatic increase in its price and the number of holders. On January 16th, Santiment reported a staggering 511,430 more non-empty XRP wallets compared to two months prior. XRP traded around $0.50 in early November 2024. Since then, the token has surged by more than 500% to its current price of $3.13, securing its position as the third-largest cryptocurrency by market capitalization and surpassing the stablecoin Tether (USDT). Thanks to this recent rally, XRP reached a high of $3.40 on Thursday, a level not witnessed in seven years, back in 2018. As of now, XRP is up more than 20% for the week, outperforming the majority of the top 10 cryptocurrencies by market capitalization — although Solana is currently showing considerably larger weekly gains. Some of the demand for XRP is attributed to the heightened anticipation surrounding a potential XRP ETF. According to a recent forecast by JP Morgan analysts, if approved, an XRP ETF could attract billions of dollars in investment. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He dedicates significant time to cryptocurrency research, conducting in-depth price analysis and exchanging predictions of estimated market trends. Tomiwabold holds a degree from the University of Lagos. The 13th Global Edition of CYSEC QATAR 2025 to Gather 500+ Global Experts in Cybersecurity to Strengthen Qatar’s Futur
Cryptocurrency XRP Ledger XRPL Cryptocurrency Price Surge XRP ETF Financial Applications Blockchain Technology
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spot XRP ETF to Be Approved This Year, According to Top AnalystOne of leading ETF analysts believes that XRP ETF will happen as soon as this year
Read more »
XRP Ledger Surpasses 93 Million Ledgers ClosedXRP Ledger (XRP) has reached a significant milestone, closing over 93 million ledgers. This achievement underscores the network's resilience, efficiency, and growing adoption.
Read more »
Ripple USD (RLUSD) Sees 300% Imbalance in Ethereum Over XRP LedgerEthereum’s 300% dominance in RLUSD emission spells disappointment for XRP Ledger
Read more »
Ripple Expects Spot XRP ETF Approvals to Accelerate in 2023Ripple anticipates increased approvals for spot XRP ETFs this year, believing 2023 will be significant for the cryptocurrency market. Alongside this growth, demand for stablecoins is expected to rise. Ripple launched its RLUSD stablecoin in December and plans further announcements regarding its availability.
Read more »
XRP rally set to extend into 2025 amid friendlier SEC, potential ETF launchRipple (XRP) extended its consolidation pattern – which dates back to a sharp decline it witnessed in May 2021 – within the first 10 months of 2024.
Read more »
XRP Recovers After Market Dip on Trump Dinner Buzz and ETF HopesXRP, the cryptocurrency associated with Ripple, has seen a slight recovery after a recent market dip, fueled by positive sentiment following CEO Brad Garlinghouse's dinner with incoming US President Donald Trump. Rumors of a potential XRP ETF listing on Wall Street have also contributed to the bullish outlook, with some experts predicting a potential breakout above a bullish pennant pattern. The recovery comes amidst expectations that the incoming Trump administration may signal a resolution to Ripple's legal battle with the Securities and Exchange Commission (SEC).
Read more »