Rally

Million

Base

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/xrp-ledgers-remarkable-growth-over-5-million-wallets-and-potential-rally-insights" rel="noopener noreferrer nofollow">XRP Ledger’s Remarkable Growth: Over 5 Million Wallets and Potential Rally Insights</a><br></p>
<p style="text-align: justify">Despite a recent 15% price drop, Ripple’s <a href="https://en.bitcoinhaber.net/ripples-legal-battle-with-sec-a-summary-of-recent-developments" rel="noopener noreferrer nofollow">XRP</a> has achieved a significant milestone by surpassing 5 million wallet addresses on the XRP Ledger. This growth has sparked discussions about a possible upcoming rally for the altcoin.</p>
<h2 id="expanding-user-base-on-the-xrp-ledger">Expanding User Base on the XRP Ledger</h2>
<p style="text-align: justify">Santiment, an on-chain data provider, reported that the XRP Ledger now hosts over 5.02 million unique wallet addresses, marking the highest number in its decade-long history. This milestone reflects a 104 percent increase in wallet addresses over the past three years, indicating the XRP Ledger’s expansion and the community’s growing interest.</p>
<p style="text-align: justify">Analysts believe that, despite the selling pressure, XRP’s price is set for a rebound. Crypto analyst XRP Whale predicts a significant short-term rally, citing active buyer participation and positive market dynamics, including a Bullish Gartley formation and an engulfing bullish candlestick pattern.</p>
<p style="text-align: justify">The anonymous host of the YouTube channel Discover Crypto forecasts a tenfold increase in XRP’s price, contingent on the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). The analyst suggests that legal clarity and the possibility of Ripple going public could further fuel the rally.</p>
<p style="text-align: justify">Achieving legal clarity may lead to the relisting of XRP on crypto exchanges, potentially impacting its price similarly to Coinbase’s IPO effect on Bitcoin. The analyst also notes that impending crypto regulations in the U.S. could be advantageous for XRP, positioning it as a primary beneficiary in a regulated market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/xrp-ledgers-remarkable-growth-over-5-million-wallets-and-potential-rally-insights" rel="noopener noreferrer nofollow">XRP Ledger’s Remarkable Growth: Over 5 Million Wallets and Potential Rally Insights</a></h5>

XRP Ledger’s Remarkable Growth: Over 5 Million Wallets and Potential Rally Insights

Table of Contents

BH NEWS

Other articles published on Jan 27, 2024

Cardano (ADA) News and Price Prediction: What’s next for ADA?

3 Tokens to Better Shiba Inu (SHIB) in 2024

Rebel Satoshi, Bonk, and Shiba Inu Poised to Revolutionize the MemeCoinMarket in 2024

Conservation X Labs and Wild Me Merger – AI-Driven Biodiversity Protection Takes Center Stage

May Marks “Moment of Truth” for Spot Ether ETFs: 60% Approval Odds?

John Bollinger Foresees Potential Reversal in Bitcoin’s Bearish Trend

Join our free newsletter for daily crypto updates!