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XRP Network Activity Explodes as Whale Count Reaches 12-Year High
- XRP network sees a surge in activity with over 2,700 wallets holding 1 million XRP tokens, a first in the 12-year history of cryptocurrency.
- Daily active addresses have spiked to 295,000 from the average range of 35,000 to 40,000, indicating genuine utility beyond speculation.
- Whale and shark wallets accumulating XRP suggest increasing institutional trust and confidence in the altcoin's long-term potential.
- Rising network usage patterns and institutional adoption paint a bullish picture for XRP amid growing interest from retail users and key stakeholders.
- XRP is currently trading at around $2.22, showing a 1.18% intraday growth and a steady 351% increase year-to-date, reflecting network expansion.
- Positive social sentiments around XRP signify increased interest across social media platforms, a bullish indicator for the cryptocurrency.
- The surge in whale activity implies that significant market players are considering XRP as a long-term investment, leading to a positive market sentiment.
- Historical trends suggest that such notable network metric changes usually precede significant price growth, creating a favourable environment for a potential price surge.
- Experts predict XRP could reach $5 by the end of 2025, supported by the current network metrics and increasing institutional interest.
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