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 <p>Ripple (XRP) saw a holiday boost this week, rallying over 5% on Christmas Day as the crypto market sprang back to life. The XRP price hit a high of around $0.65, its highest level in over a month. However, on-chain data indicates strong network growth for XRP recently, fueling optimism about further upside.</p>
 <p>XRP is trading at $0.63 at press time, up close to 8% over the past 30 days. The sixth-largest cryptocurrency by market cap has outperformed Bitcoin and the broader crypto market amid growing bullish sentiment.</p>
 <p><strong>Also read: VeChain New Year Price Prediction: How High Can VET Go?</strong></p>
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 <p>A key factor driving enthusiasm is the spike in new users on the XRP ledger network. According to on-chain analytics firm Santiment, a whopping 12,819 new XRP wallets were created on Monday alone.</p>
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 <h2 class="wp-block-heading" id="h-new-ripple-user-growth-key-catalyst">New Ripple User Growth Key Catalyst</h2>
 <p>The last time XRP saw similar growth in new wallet addresses was in late December last year. At the time, XRP prices had rallied by over 15% in just three days following the heightened network activity.</p>
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 <p>XRP’s network growth metric tracks the number of new wallet addresses being created daily, seen as a proxy for how fast its ecosystem is attracting new users. More new users tend to boost XRP’s market demand and trading volumes.</p>
 <p><strong>Also read: Shiba Inu: Who Owns The Highest Number of SHIB Coins?</strong></p>
 <p>XRP prices have already bounced firmly off support around the $0.59–0.62 area thanks to the spike in retail interest. Its relative strength index (RSI), a momentum indicator, also shows ample room for further upside.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="372" src="https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp" alt class="wp-image-122990" srcset="https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 1024w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 300w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 768w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 1536w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 380w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 550w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 800w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 1160w, https://cdn.thebittimes.com/images/2023/12/30/211ed62bebfed08a2fa333795efface1.webp 1695w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>For prices to maintain the bullish trajectory, Ripple XRP bulls need to reclaim immediate resistance around $0.67. This could open the door for prices to challenge XRP’s November highs near $0.80.</p>
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 <p>However, failure to build on the recent gains could see XRP slip back towards the $0.59 support zone, according to analysts. Broader crypto market winds will likely dictate near-term price action.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-soars-eyes-0-80-amidst-new-user-surge-tbt75159.html">https://thebittimes.com/ripple-xrp-soars-eyes-0-80-amidst-new-user-surge-tbt75159.html</a></p>

Ripple (XRP) Soars, Eyes $0.80 Amidst New User Surge

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