- The number of wallets with an XRP balance doubled in the last two years.
- XRP eased its steep correcting and climbed to $0.53 in the process.
- Bulls were facing stiff resistance while attempting to swing to $0.55.
For the first time in 10 years, wallets holding at least a unit of Ripple (XRP) have crossed the 5 million mark, Santiment revealed. According to its post on X, the on-chain analytic tool noted that the number of wallets jumped by 104% in the last two years.
#XRPLedger now has 5.02M distinct wallets that hold more than 0 $XRP coins, the most in its now 10+ years of public trading years. The #6 asset in #crypto by market cap has more than doubled such wallets in 3 years (+104%) as the network expands. https://t.co/YZBcHsOuSS pic.twitter.com/o0m6PKE0Re— Santiment (@santimentfeed) January 27, 2024
A record like this suggests that demand for XRP has improved. It also meant that active users on the XRP Ledger (XRPL) had doubled.
Relief Comes At Last
For context, the XRPL is Ripple’s blockchain system that fosters cross-border payments, the development of smart contracts, and XRP transactions. Despite the milestone, XRP’s price has from hit…
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