- Online XRP The number of active addresses and new wallets has increased sharply.
- Leverage XRP + Binance reached 0,179 as traders returned to the market.
- If the breakout of the multi-year resistance level is confirmed, XRP could reach $8.
On According to Santiment analysts, online activity XRP reached its highest level in nearly two months. In 24 hours, 48,453 active XRPL addresses were created, the highest number since March 30. Additionally, the number of new wallets on the network increased to 3317, the highest number since March 19.
Price $XRP rose above $1,54 for the first time in two months, leading to a sharp increase in network activity. Over the past 24 hours, the network XRP Ledger saw a record number of transactions, Santiment’s account wrote.
According to analysts, the altcoin’s rise in price has rekindled investor interest and encouraged more users to engage with the blockchain. Consequently, the total number of activated accounts has increased. XRP Ledger. According to the latest According toOn May 16, the number was 7,856,080, bringing the network close to a record 8 million.
Amid growing online activity XRP traders increased their use of leverage Binance, said CryptoQuant analyst Arab Chain. According to him, the indicator for XRP rose to nearly 0,179, reaching its highest level in nearly two months.
The altcoin’s long-term chart still shows an eight-year cup-and-handle pattern amid strong resistance, said Crypto analyst ChartNerd. The “cup” appears complete, and the “handle” formed after the previous all-time high. After the formation, the target XRP the $8 mark may become.
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