The data on the series shows that the XRP adoption rate has recently accelerated, leading the flow of investors in the seizure of the retail to the network.
The total XRP amount of its holders is increasing sharply
In new mail In X, Santiment spoke to the carrier to grow about the growth of the title of the title of the address that XRP witnessed recently. The importance indicator here is the “total amount of pregnant women”, which, as its name suggests, tracks the total number of titles on the network that carries a non -zero balance.
When the value of this scale records an increase, it can indicate that new investors enter the market or who were sold earlier they achieve return. The trend can also arise when current users create new addresses for a purpose such as privacy.
In general, the higher the total amount of my holders, all three happen, which means that some net adoption of the original has been assumed.
On the other hand, the scale heading down means that some investors decided to get out of the cryptocurrency, because they clarify their entire balance.
Now, here is the chart of the joint index by the Analysis Company that shows the trend in its XRP value on the history of Blockchain:
The value of the metric appears to have been sharply going up in recent months | Source: Santiment on X
As shown in the above graph, the total amount of XRP of prominent growth holders enjoyed the past few years, but recently, the upper trend has witnessed an acceleration.
The scale is now heading at a sharp rate, which means that the network receives a flood from new users. After the last continuation of the increase, there are about 6.07 million not empty addresses on the chain.
In the graph, Santiment also connected another scale data: the number of portfolios containing less than 100 code of encrypted currency. At the current currency exchange rate, the value of this amount is $ 308, so the addresses that belong to this regiment will be owned by retailers.
From the graph, it is clear that these young merchants have seen that their number was exploding on the XRP network. The Analysis Company describes this last period of the height of the regiment as “the most sustainable and fast” in the history of assets.
After a 11.6 % jump in the past two months, the number of wallets associated with retail investors increased to about 4.34 million on Blockchain. This means that this group represents approximately 71.5 % of the entire user base of Cryptocurency.
XRP price
XRP has maintained a total side track over the past two weeks, with a price of $ 3.08.
Looks like the price of the coin has gone stale recently | Source: XRPUSDT on TradingView
Distinctive image from Dall-E, Santiment.net, Chart from TradingView.com
