The Professor XRP (XRPL) book witnessed the most crowded week, with more than 5.1 million transactions on June 15.
Unlike other networks that often depend on the automatic activity to increase the numbers, this increase appears from the original user’s request.
The Professor XRP book continues to expand
According to Blockchain Ripple Van Winkle analyst, users actively participated in activities such as NFT Displing, Asset Transfer, and Decentralization Trade, all of whom contribute to rise in size.
He pointed out that XRPL dealt with pressure without disturbances, while maintaining low transaction fees and stability throughout the day.
This event is highlighted due to the large size and network elasticity. According to Van Winkel, XRPL recorded any delay, there are no mutations in transactions, and no reports on the system strain.
Meanwhile, the user’s sharing across the network is also growing.
Ripplexity, which was referred to, reported that Glassnode data has exceeded 7.1 million, while the number of wallets bearing more than a million XRP has reached the highest new level exceeding 2700.
Market monitors said these numbers indicate that interest in XRP is still strong even with the delay in price movement. According to them, it is a sign that the protocol is ready to support large size adoption without the need for emergency interventions.
“This consistency is important with the ripening of encryption. Founded boring institutions want, not flashy experiences. I mentioned.
XRP investors get profits with Altcoin price slides
Despite the increasing use of the network, the price of XRP continues to face pressure.
According to Beincrypto data, the distinctive code is traded by about $ 2.07, a decrease of approximately 3 % over the past 24 hours and about 15 % this month.
While these declines have thwarted some investors, others have seen it as an opportunity for the gains. It is worth noting that the data from Glassnode shows that their long -term holders have begun to achieve profits.
According to Blockchain analytical platform, XRP holders realized $ 68.8 million per day in early June.
Glassnode explained that many of these outputs are believed to be a buyer who entered before the XRP rally in late 2024, when prices rose and reached a peak at $ 3.36 in January. Now, with a decrease in the distinctive symbol for more than 36 % on an annual basis, some whales appear to sell.
“XRP exceeds $ 2, which is higher than 3x of its basic price before the acute gathering in November 2024. Investors who have accumulated earlier sit on more than 300 %,” Glassnode said.
Although this may reflect the achievement of strategic profits, it also indicates the broader challenge of converting strong basics into continuous upward price momentum.
However, some analysts believe that XRP may find a second wind as soon as the current wave of profit descends. It also indicates the increasing interest in XRPL, especially since Stablecoin projects such as USDC and the distinctive American cabinet begin to launch on the network.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
