XRP Ledger On-Chain Metrics Surge – Is XRP Price Pump on the Horizon?

Santiment has reported on early Monday morning that XRP ledger is having growth when it comes to the number of active addresses and new wallets created.

In the meantime, the XRP price is performing decently today, up almost 2% and now trading above $0.55.

The numbers are pretty impressive – we’re seeing 35,799 unique XRP wallets making moves, which is the highest we’ve seen since mid-July. That’s not all – 3,858 new wallets popped up in just one day, something we haven’t seen since March 14th.

Looking at Santiment’s chart, both active addresses and new wallet creation are hitting levels we haven’t seen in over 7 months. This kind of network activity usually means there’s growing interest in XRP, whether it’s from new users jumping in or existing holders getting more active.

While these metrics look promising for XRP holders, don’t expect immediate price fireworks. The real price movers are still going to be any major updates in the SEC vs Ripple case, which everyone’s keeping an eye on.

And of course, the broader crypto market needs to play ball too. If Bitcoin starts pushing toward new all-time highs, that could light a fire under XRP’s price. But for now, even with these solid on-chain metrics, holders might need to stay patient and watch how things unfold with the SEC case and overall market conditions.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo