The total number of XRP addresses is shattered by the highest level ever at 6.87 million on March 1, although the price of XRP sits much lower than its peak, according to its peak. Glassnode Data recovered by the encrypted analyst on the series on Martinez.
As of today, March 14, XRP examination Data It shows that the network now has 6,274,058 accounts-of 5 million accounts that we saw early in 2024. This rapid expansion reflects a significant increase in reliability, which enhances the network’s ability to deal with various digital assets, enhance its attractiveness of cross-border payments, decentralized financing, and beyond.
On March 5, Martinez also recorded an amazing increase of 620 % per week in active XRP active headlines, jumped from 74,589 to 462,650.
Despite this bullish activity on the chain, the XRP whales, the great pregnant women with great influence, were unusually calm last week, with no reporting or main sale, indicating a period of accumulation or unification between the main players.
As of March 14, XRP is trading at $ 2.32, which reflects a modest increase of 2.16 % in the past 24 hours. While this price is much lower than XRP at all, the basics of the network are still strong.
For investors and market participants, a mixture of high -acting addresses, whales accumulation before last week, and the decrease in stock market reserves indicates besides XRP. However, the lack of whale activity last week can indicate a strategic stop before a big step.
FinBold will continue to monitor the movement of XRP prices, scales on the chain, and whale movements to make time updates about this advanced story.
Distinctive image via Shutterstock
