XRP's network activity just hit record high — will this drive next big XRP price move?
is experiencing an eye-catching increase in network activity, with new addresses created in an epic manner and total addresses interacting at their highest levels in four months., XRPL is one of July's top-performing blockchains, with 1,721 new wallets created in a single day — the most since the end of March. More to the point, 47,363 individual addresses interacted on the network, the highest number since the beginning.
Santiment was then questioned as to whether this metric typically translates into price movement. The response was that an increase in network activity often leads to positive price movement. However, it is noted that a FOMO effect at the initial stages of such spikes often results in a correction, as of current trends. The real test lies in whether XRP's activity can sustain these levels, responds Santiment..
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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