Activity on the XRP blockchain is experiencing a remarkable resurgence. Recent data from CryptoQuant highlights a significant uptick in on-chain activity for XRP.
Recent data from CryptoQuant highlights a remarkable resurgence in on-chain activity for XRP (XRP). This uptick has seen 12,230 active addresses engaged in daily activity, indicating a renewed surge in market interest in the cryptocurrency.
According to CryptoQuant analyst Maartunn, this uptick strongly indicates shifting sentiment in favor of XRP and potentially the broader crypto market. Increasing active addresses often reflects heightened interest and asset movement on a blockchain, suggesting a rise in XRP’s relevance and utility.
Maartunn concludes by noting that whether this momentum will persist remains to be seen, but the recent activity is an encouraging sign for XRP holders.
Notably, this spike in XRP on-chain activity comes at a time when XRP is trading at around $0.51. On Friday, XRP fell below $0.50 for the first time since August.
The decline in XRP’s price mirrored a broader market downturn on Friday evening following a Wall Street Journal report that Tether (USDT) was under investigation for money laundering.
This news negatively impacted the entire crypto market, causing XRP to drop to a two-month low of $0.4935. However, after Tether’s CEO denied the report and asserted that there was no ongoing investigation, XRP rebounded to around $0.5150.
In other news, a recent analysis of XRP Ledger’s on-chain activity by CryptoQuant reveals that between September 15 and October 15, new wallet creations increased by 10.39%, adding 18,321 accounts.
However, total transactions fell by 17.57%, processing 18.82 million, and payment transactions dropped significantly by 26.16% to 6.81 million. This suggests that while more wallets are created, users make fewer transactions overall.
On a positive note, automated market maker (AMM) liquidity provision grew significantly. AMM deposit activity rose by 62.35%, and AMM creation surged by 143.10%. The total value in these AMM pools reached 27 million XRP, with approximately 14 million XRP currently locked across over 3,000 active pools.
The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
The above is the detailed content of XRP Blockchain Activity Spikes as Active Sending Addresses Reach Six-Month Peak. For more information, please follow other related articles on the PHP Chinese website!

The trader believes that the XRP cryptocurrency could regain ground if BTC manages to bottom out in the near future.

XRP and Stellar (XLM) are often considered competitors in the cryptocurrency market due to their shared focus on revolutionizing the financial industry.

The XRP community faced disappointment yesterday as the coin’s price took a dramatic dive. According to CoinMarketCap, the token fell below $0.60

August is shaping to be a significant month for the cryptocurrency market, with several token unlock events. These events are expected to involve nearly $1B worth of tokens becoming available.

许多批评者对其中心化、代币分配和监管不确定性表示担忧。本文考虑了所有这些因素以及更多因素,为您提供2024 年至 2030 年XRP 价格预测。

XRP瑞波币价格爆炸还是崩盘?瑞波币价格预测!XRP瑞波币价格怎么样?XRP瑞波币未来价格是涨是跌?XRP瑞波币适合长期持有吗?下面一起看看吧!长期持有的瑞波币(XRP)在5月16日更改了地址,这通常是市场变化的迹象。XRP价格上涨至20日均线上方,目前价格为0.52美元。ElderRay指数和资金流量指数等积极指标表明潜在的反弹可能会将价格推至0.53美元或0.57美元。瑞波交易者做出有计划的举动,XRP性能的链上评估显示5月16日“消耗时间”指标显着增加。当天,该指标的价值为2

XRP币,全称Ripple币,是一种基于区块链技术的加密货币,由Ripple公司创建,于2013年推出。XRP币主要用作跨境网络的结算、交换和流动资金。XRP币的优势包括:高速度和低费用:XRP币的网络可以处理每秒数千笔的速度,同时提供非常低的费用。可扩展性:XRP币的网络可以无限扩展,使其成为一个非常可扩展的平台。安全性:XRP币的网络使用安全加密算法,使其非常安全。XRP币的风险和挑战包括:监管风险:XRP币是一种加密货币,可能会面临监管风险。竞争风险:XRP币面临着众多其他加密货币的竞争,

XRP was recently upgraded to 50x growth on a legal win, while the highest estimates for top altcoin Rollblock are up to x100 on its presale blowout.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

SublimeText3 English version
Recommended: Win version, supports code prompts!

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools
