XRP Ledger activity spikes, hinting at growing adoption and renewed market interest
In the last month, the blockchain network behind the XRP cryptocurrency, the XRP Ledger , has noted significant changes in user activity. from XRPScan, the number of active XRP wallets reached a high of 30,000 late last month.However, it dropped to about 10,000 last week, indicating a combination of natural market cycles and growing interest in the cryptocurrency. This rise in active wallets is an important indicator of blockchain adoption.
It is worth noting that more stable networks, like those supporting popular stablecoins, usually display steadier growth patterns. The rise in the number of active wallets can indicate rising demand and result in an XRP price rise, even though the rise could be for the short term. The current data suggests that the network is experiencing continued market interest, which could provide long-term and short-term trading opportunities based on other factors influencing the broader crypto market.by U.today earlier today, Japan’s largest resale marketplace, Mercari, announced that XRP is now available for trading on its crypto platform, Mercoin.Recent regulatory developments, including favorable rulings in its legal battles, have provided more clarity for investors.
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.
Ripple News Today: XRP Ledger Flaw Patched After “Serious” Flaw in XRPL LibraryThe issue only affects versions of Node Package Manager (NPM), a site where developers share reusable code for projects.
Read more »
XRP Sees 37.92% Spike in Trading Volume Following XRP ETF LaunchU.S. XRP ETF launch wakes traders as trading volume surpasses $8.92 billion, fueling a bullish comeback in XRP’s price
Read more »
XRP Head and Shoulders Pattern at Risk If XRP Breaks Above $3: What's Next?XRP price has dropped nearly 7% in last 24 hours
Read more »
BTC, XRP, DOGE News: Dogecoin Gains, XRP Slumps as Trump Warns of 'Far Larger' TariffsShaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Read more »
XRP Burns Surge 100%: Here's What Caused ItXRP sees substantial surge in amount of burned assets, but it is barely significant
Read more »
XRP, BTC News: XRP, Bitcoin Resemble a Compressed Spring Poised for a Significant Move as Key Volatility Indicator Mirrors 2024 PatternsA standard deviation-based indicator points to renewed volatility explosion in XRP and BTC.
Read more »