XRP: Analyzing what growth in active address could mean for long-term holders

with the Securities and Exchange Commission , during intraday trading hours on 30 June, it performed better than most altcoins. While most altcoins recorded a decline in price during the trading session yesterday , the price of XRP lodged some gains., on 27 June, the index for the unique addresses interacting on the network exceeded 200k for the first time since February 2020.

According to data from CoinMarketCap, in the last 24 hours, the price of XRP stood at a 4% loss. However, trading volume rallied by over 45%. The Relative Strength Index at the time of writing was 37.96 indicating increased selling pressure. Also in a downward trend at press time, the Money Flow Index for the token was 47.16.As per data provided by Santiment, XRP hit a high of 200k daily active addresses that transacted the alt on 26 June.

At press time, this metric was spotted at 0.76%. The social volume also registered a high of 828 on 27 May. Since then, it suffered an 86% decline.Interestingly, while the daily unique addresses transacting the XRP coin dropped steadily, the number of new addresses created on the network increased in the last seven days. At 1,790 during press time, this has grown by 25% in the last week. Similarly, the transaction volume for the token saw a 116% growth in the last five days.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ETH 2.0 deposits reaching ATH could mean this for ETH holdersDeposits in ETH 2.0 reached an all-time high on 30 June. This comes after the largest altcoin took a hit in light of the 3AC liquidation. As ETH hovers near the make-or-break level, investors question where will Ethereum [ETH] go from here? No break over here Ethereum just had one of the most torrid months […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum Classic: These levels could be the demand zone next weekDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Like many altcoins in the crypto sphere, Ethereum Classic [ETC] has also been on a long-term downtrend on the charts. In February and March, the price did in fact break the long-term bearish market […]
Source: CryptoAmb - 🏆 22. / 68 Read more »