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Record 2,700+ XRP Millionaire Wallets Drive Ripple’s XRP Network to 12-Year Peak

  • XRP Ledger's on-chain activity is surging with over 295K daily interacting addresses, far above the 3-month average.
  • Whale and shark wallets holding 1M+ XRP have surpassed 2,700 for the first time in XRP's history.
  • The rise in large holder wallets signifies strong confidence in XRPL from high-net-worth individuals.
  • XRP Ledger gains popularity for tokenizing real-world assets and integrating decentralized finance functionalities.
  • Close to 14 million XRP tokens have been burned on the XRP Ledger as a major milestone.
  • XRP is eyeing a breakout to the $2.42-$2.45 zone by forming higher lows above a descending trendline.
  • Critical support is seen at $2.15, with XRP currently hovering around $2.11, signaling a wait-and-see approach.
  • Higher lows demonstrate renewed buying interest and are indicative of potential upward momentum when paired with higher highs.
  • The number of daily active XRP addresses has surpassed 100,000, indicating increased network usage.
  • Bullish on-chain metrics suggest a potential ignition of XRP's momentum.

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