XRP Addresses Holding 1M Coins Reach 12-Year High As Experts Predict Move Above $4 📈
The XRP Ledger (XRPL) is experiencing a significant boost in network activity, leading to bullish predictions for its native token's price. Whale addresses holding one million coins have reached a record high. Santiment, an on-chain analytics platform, highlighted this growth in network activity and key stakeholder involvement.
Over 2,700 whale and shark wallets now hold at least 1 million XRP, and active addresses have surged to an average of 295,000 daily, compared to the usual 35,000-40,000. Recent significant developments include Circle’s USDC stablecoin launch on XRPL, expected to enhance network activity.
Crypto analyst Moon Lambo predicts this could increase the network's total value locked (TVL) and boost XRP's price. Ondo Finance's tokenized US Treasury fund launch on XRPL and Guggenheim's partnership with Ripple for a Digital Commercial Paper further contribute to the activity surge.
Analyst Javon Marks forecasts a potential XRP price rally above $4, possibly reaching $8, citing a clear breakout pattern. Despite a current dip below $2.25, Marks and other analysts remain optimistic about XRP's bullish momentum in the market cycle.
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