XRP Active Addresses Hits 6-Month Peak—Could A Market Shift Be Coming?

XRP has recently witnessed a surge in blockchain activity, marked by a significant rise in the number of active sending addresses, according to latest data.

This increase in active addresses comes amid the asset’s continuous struggle to register any significant rally in price. Instead, the altcoin has steadily decline now down by over 10% in its 30-day performance.

XRP Active Addresses Hits 6-Month Peak

According to a CryptoQuant analyst known as “maartunn,” the daily active sending addresses on XRP’s blockchain have reached a six-month high, with roughly 12,230 number of addresses transacting daily.

maartunn highlighted that this resurgence in active addresses indicates a potential return of investor interest in XRP and possibly in the broader cryptocurrency market. Additionally, the increase in activity is seen as a positive development for the XRP blockchain.

The CryptoQuant analyst suggested that rising user participation not only boosts XRP’s value as a blockchain asset but also enhances its appeal to investors.

XRP: Active Sending Addresses reaches a 6-month high

“The number of Active Sending Addresses on XRP reaches 12,230 on a daily basis… The increase signals that activity is returning to the XRP Blockchain.” – By @JA_Maartun

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