Historic Record in XRP: This Data Peaks at Ripple's 12-Year High!
The popular payment-focused cryptocurrency XRP continues to remain on investors' radar. According to on-chain data provided by Santiment, the number of major investors, referred to as 'whales and sharks,' holding at least 1 million XRP has surpassed 2,700 for the first time. This figure marks the highest level ever reached in the 12-year history of XRP.
With only a 7.5% increase since the beginning of the year, the XRP price has not fully met expectations during this period. However, the record increase in the number of large investors indicates that there is strong confidence in XRP in the market. Additionally, the daily average of active XRP addresses over the past week has exceeded 295,000, significantly higher than the average of 35,000-40,000 over the last three months.
Significant Increase in Active Addresses
The sudden increase in active XRP addresses indicates that there has been a rise in short-term trading activities among investors and that the usage of the XRP network has significantly accelerated recently. This data is interpreted as a sign that the mobility and interest in the XRP ecosystem continue to increase.
Experts state that we will be able to see the positive effects of this rise in whale movements on XRP prices more clearly in the upcoming period. It is believed that investors are developing long-term strategies by holding large amounts of XRP.
Stay tuned for new developments.
