Ripple (XRP) Witnesses Record-Breaking Spikes in Address Activity
- At the time of writing, 7,058 XRP addresses were active on the network on Today.
- A total of 490.35K XRP addresses engaged with the network on May 28.
XRP (XRP), the sixth largest cryptocurrency, has caught the attention of Santiment, an on-chain analytics firm, due to its remarkable surge in social dominance and a notable pump in address activity.
In the past 2 days, XRP has experienced its second and third-largest spikes in address activity ever recorded. These notable surges coincide with XRP’s decoupling from the rest of the altcoin market, showcasing significant gains in recent days. Noteworthy 7,058 XRP addresses were active on the network on May 30.
The Santiment chart data shows that on May 28, a substantial number of 490.35K XRP addresses engaged with the network. Indicating the second-largest spike on record. Additionally, the chart highlights another notable surge on May 29, with 281.72K daily active addresses, marking the third-largest surge in XRP’s history.
At the time of writing, XRP has experienced a 4.24% increase, reaching $0.5003, accompanied by a 24-hour trading volume of $1,144,277,319. Regarding the trading movements in the crypto market, XRP’s Relative Strength Index (RSI) currently stands at 67.74. Once XRP surpasses the 70 mark, it will signal a sell indication.
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Read more: https://thenewscrypto.com/ripple-xrp-witnesses-record-breaking-spikes-in-address-activity/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
