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XRP Ledger User Base Grows 7x — Will the Token Follow with a Price Jump?

  • The XRP Ledger has seen a significant increase in daily active addresses, soaring from 35,000 to over 295,000 in a week.
  • Whale wallet count set a new record at 2,700, indicating a surge in stakeholder adoption.
  • Santiment data reveals rapid growth in XRP Ledger user base, signaling increased trust and interest in the protocol.
  • The number of wallets holding over one million XRP has hit an all-time high at 2,700, reflecting growing institutional and large holder participation.
  • XRP is trading at $2.20, with trading volumes surging 157.23% in 24 hours, indicating heightened interest and speculation.
  • Technical indicators show a mixed sentiment in XRP trading, with bullish momentum fading in the short term.
  • The price action has yet to exhibit a strong upward breakout despite the growth in XRP Ledger user base and whale activity rise.
  • Ripple's new grant program tied to the XRP Ledger for early-stage Web3 startups in Japan is set to boost adoption.

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