Crypto,,Quant data shows more than 9,000 $XRP addresses.
New on June 11 and 12. This is the best two-day increase on the network in over a week.
On June 11 alone, approximately 4,500 new addresses were created. The following day, another 4,200 addresses were added. These numbers indicate an expansion of participation in the ecosystem $XRP .
Crypto,,Quant data clearly illustrates this trend. Wallet creation began to rise sharply on June 9. Prior to that, there were fewer than 3,500 new addresses daily. The recent jump indicates increasing momentum in the background.
The increasing number of new addresses can be interpreted as a potential indicator of future liquidity or volatility by traders. For long-term investors, the growing number of wallets suggests that there is still greater room for adoption. It also shows the rising popularity of XRP.
This makes this data valuable for those trying to anticipate the market rather than just following it.
The $XRP network is experiencing increasing growth.
The primary use of XRP for fast settlement and cross-border transactions remains its main strength, and the increasing creation of wallets is evidence of this. It is also likely that more users are experimenting with using XRP for multiple purposes or integrating it into their applications.
The difference is clear compared to the beginning of June. On June 6, the number of new addresses was around 3,200. By June 8, the number had only slightly increased. Then, activity rose sharply starting on June 9 and accelerated on June 11 and 12.
The price trend during this rise was steady to slightly down. This divergence is noteworthy, as it may indicate an increase in the number of users before any price movement.
The XRP network is expanding, and this continues despite its price not rising. At the time of writing, XRP is trading at $2.13, down 2.52% from the previous day.
Despite a slight price drop, XRP trading volume increased by 66.30% to reach $4.53 billion, demonstrating growing trading interest among traders.
The 24-hour trading volume of XRP as a percentage of market capitalization is 3.6%, indicating active liquidity for anyone wanting to enter or exit a trading position.
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