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XRP Bullish Signal: Shark & Whale Wallets Set New All-Time High
- On-chain data reveals an increase in XRP shark and whale population alongside heightened blockchain activity.
- Santiment reports a new high in the number of XRP wallets holding over 1 million tokens, totaling 2,708 wallets.
- The surge in wallets with significant holdings suggests potential entry of new big-money investors in the XRP network.
- XRP Daily Active Addresses have notably spiked to an average of 295,000 addresses daily, indicating increased transaction activity.
- This surge signifies growth in usage and stakeholder engagement on the XRP ledger.
- XRP price briefly surpassed $2.33 but retreated to $2.20 thereafter.
- The network now reflects an uptrend in holders with substantial XRP volumes, potentially influencing market sentiment.
- The increased activity among large XRP holders, known as sharks and whales, can be a key indicator of market trends.
- The XRP Supply Distribution chart illustrates a rise in wallets with over a million coins, signaling growing interest from major investors.
- The Daily Active Addresses metric exhibits a significant increase in transaction participation, potentially boosting network activity.
- Santiment's data suggests a positive outlook for XRP's growth and stakeholder involvement.
- The recent uptick in XRP network metrics may impact the cryptocurrency's future price performance.
- XRP's bullish momentum saw a spike above $2.33 before consolidating around $2.20.
- The XRP price remains relatively stable following the recent surge in wallet activity and stakeholder engagement.
- The XRP ledger's expansion in usage and key stakeholder participation hints at a maturing ecosystem.
- Further developments in XRP's network metrics could influence the coin's market value in the near term.
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