Is XRP the New Gold? You Won’t Believe the Wallet Surge! 💰🚀

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Ah, the crypto market, that whimsical realm where fortunes are made and lost faster than one can say “blockchain.” In recent days, XRP has taken a delightful leap, flirting once more with the $2.3 price mark, as if it were a charming suitor at a ball. This renewed vigor has sparked a veritable explosion of on-chain activity, with active wallet addresses sprouting like mushrooms after a rain. 🍄

Explosive Rise In XRP Active Addresses

Indeed, XRP’s price has soared, shattering resistance levels like a clumsy dancer at a soirée. The bullish sentiment is palpable, and the network is expanding its user base at an astonishing rate. One might say it’s the belle of the crypto ball!

According to a recent report from Santiment, a platform that fancies itself a market oracle, the XRP Ledger is buzzing with activity. The number of active wallet addresses has surged dramatically in recent weeks, as if the wallets themselves have decided to throw a party. 🎉

This significant uptick in active addresses suggests a delightful shift in user engagement and network utility. The ledger is showing signs of growth that would make even the most stoic investor crack a smile. 😄

Such bullish developments imply that investors are once again taking a keen interest in XRP, as the altcoin slowly but surely regains its upward trajectory. The dramatic surge in wallet activity—whether due to institutional testing, a newfound retail interest, or simply a case of FOMO—marks a pivotal moment for the network and its price action.

Data from Santiment reveals that over the past week, an astonishing average of 295,000 XRP wallet addresses have been interacting daily. This is a robust conviction among both retail and institutional investors, a veritable stampede of interest! Prior to this week, the ledger’s daily average was a mere 35,000 to 40,000—how quaint! 🐢

As the active addresses count has skyrocketed, it appears that the accumulation among key investors has also increased. Santiment has noted that whales and sharks are gobbling up the altcoin at a rapid pace, as if it were the last piece of cake at a birthday party. 🎂

In fact, more than 2,700 whale and shark wallets now hold at least 1 million XRP for the first time in the asset’s 12+ year history. When these big fish start accumulating, it signals a robust belief in the coin’s long-term prospects, as they prepare for what could be an exhilarating rally.

A Short-Term Upward Move Brewing

With the interest of large investors in XRP growing, one can only imagine the price spikes that may follow. Crypto analyst AlienOvicho has predicted a potential short-term rally to higher resistance levels, despite the recent pullback. It’s like predicting the weather in spring—unpredictable yet thrilling!

After a flawless retest of the damaged channel, the analyst noted that the altcoin has bounced back with gusto. As bullish momentum builds, the token is currently eyeing a brief surge toward the $2.35 and $2.41 range. Fingers crossed! 🤞

However, for the asset to reclaim these lofty heights, it must maintain its position above the $2.10 support level. As long as it holds above this area during the inevitable pullback, the structure remains constructive, and the bulls are still in control. 🐂

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2025-06-17 19:16