$XRP Despite the court pause, the price of XRP remains stable as optimism is gradually returning to the cryptocurrency market. This stability is supported by the growing demand for altcoins. Investors are awaiting Judge Torres' decision on lifting the ban on institutional sales and reducing the fine for Ripple to $50 million. Such a decision could act as a catalyst for price growth.
On-chain data showed a significant increase in activity on the XRP Ledger. According to Santiment, the number of active XRP addresses rose over the past week to 295,000+ per day compared to 35,000–40,000 per day over the last three months.
Additionally, the number of whale and shark wallets (holding at least 1 million XRP) has increased to 2,700+, marking the first time in 12 years that such accumulation by large holders has been recorded since Ripple's inception.
Moreover, the ratio of long to short positions in XRP supports an optimistic outlook. At the time of writing, the figure stands at 1.02. A value above one indicates a predominance of long positions. This means that more traders are betting on a sustained price increase.
