bitcoin
Bitcoin (BTC) $ 52,133.97
ethereum
Ethereum (ETH) $ 2,991.40
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 354.38
solana
Solana (SOL) $ 107.92
xrp
XRP (XRP) $ 0.564168
staked-ether
Lido Staked Ether (STETH) $ 2,989.47
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.628577
avalanche-2
Avalanche (AVAX) $ 38.34
dogecoin
Dogecoin (DOGE) $ 0.085808
tron
TRON (TRX) $ 0.139984
chainlink
Chainlink (LINK) $ 19.38
polkadot
Polkadot (DOT) $ 7.73
matic-network
Polygon (MATIC) $ 1.03
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 52,145.97
the-open-network
Toncoin (TON) $ 2.21
internet-computer
Internet Computer (ICP) $ 13.67
shiba-inu
Shiba Inu (SHIB) $ 0.000010
uniswap
Uniswap (UNI) $ 7.55
bitcoin-cash
Bitcoin Cash (BCH) $ 264.41
litecoin
Litecoin (LTC) $ 69.54
dai
Dai (DAI) $ 1.00
immutable-x
Immutable (IMX) $ 3.50
kaspa
Kaspa (KAS) $ 0.180911
leo-token
LEO Token (LEO) $ 4.30
cosmos
Cosmos Hub (ATOM) $ 10.34
bittensor
Bittensor (TAO) $ 630.25
optimism
Optimism (OP) $ 4.07
blockstack
Stacks (STX) $ 2.71
filecoin
Filecoin (FIL) $ 7.55
ethereum-classic
Ethereum Classic (ETC) $ 26.94
hedera-hashgraph
Hedera (HBAR) $ 0.109246
near
NEAR Protocol (NEAR) $ 3.40
aptos
Aptos (APT) $ 9.59
stellar
Stellar (XLM) $ 0.117452
vechain
VeChain (VET) $ 0.044587
injective-protocol
Injective (INJ) $ 36.84
okb
OKB (OKB) $ 50.89
celestia
Celestia (TIA) $ 17.92
lido-dao
Lido DAO (LDO) $ 3.21
first-digital-usd
First Digital USD (FDUSD) $ 0.999079
arbitrum
Arbitrum (ARB) $ 1.97
mantle
Mantle (MNT) $ 0.764606
crypto-com-chain
Cronos (CRO) $ 0.090986
sei-network
Sei (SEI) $ 0.930923
render-token
Render (RNDR) $ 6.22
the-graph
The Graph (GRT) $ 0.243398
monero
Monero (XMR) $ 122.90
sui
Sui (SUI) $ 1.73

This On-Chain Metric on the XRP Ledger Hit a New All-Time High

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The number of addresses on the XRP Ledger with a non-zero balance has reached a record high of over 5 million. Still, the price of Ripple’s native token, XRP, remains muted.

Technical analysts maintain that such divergence between rising network activity and lackluster price action could result in a significant price breakout.

XRP Ledger Adoption Grows

On January 27, on-chain analytics platform Santiment reported that the number of wallets on the XRP Ledger holding a balance above zero had reached 5.02 million. It added that the milestone represents the highest level in its ten years of trading history.

It is worth noting that the most significant spike in network adoption happened in the last three years, when the number of XRP addresses nearly doubled, representing a 170% increase since the beginning of 2020. Furthermore, the number of transactions on the XRP Ledger from one wallet to another reached an all-time high of almost 6 million earlier this month, according to XRPscan.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

XRP Ledger Wallets. Source: Santiment

Despite these impressive metrics, XRP continues to consolidate without any significant price action. It only managed to rise to $0.615 following the approval of spot Bitcoin ETFs in the US. Still, some analysts remain bullish on its potential.

“Massive pump incoming! Looks really good with buyers stepping in and defending the $0.52 – $0.48 range with a bullish engulfing candle on the type 2 return of the Bullish Gartley. Backtest the range and send it,” a renowned XRP trader said.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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