XRP Network Activity at Highest Level Since March, Signaling Potential Bull Run
- XRP Ledger witnessed significant growth in new addresses created.
- The blockchain also saw an uptick in the total addresses interacting with the network.
- XRP is up around 23% in the last seven days, outperforming major altcoins.
The XRP Ledger, the underlying blockchain of the XRP cryptocurrency, has seen a surge of activity as the broader crypto market rebounds. This heightened network engagement could signal a significant price increase for XRP in the near future.
In a post on X (formerly Twitter), blockchain analysis platform Santiment noted that XRP saw significant growth in both new addresses created and total addresses interacting on the network. Both values are the highest since March.
However, Santiment further stated that the rising levels of network activity are a test of XRP Ledger’s strength and XRP token’s popularity, adding:
“There is often a “FOMO effect” at the initial stages when the spike happens that causes a correction, like we are seeing. Now is the test to see if XRP’s activity maintains these levels.”
Meanwhile, growth was also evident in the price action of the XRP token. As of press time, XRP is trading at $0.555…
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