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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-adoption-and-distribution-growth-for-xrp-cryptocurrency/" data-wpel-link="internal">Significant Adoption and Distribution Growth for XRP Cryptocurrency</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/bitcoin-climbs-again-and-altcoins-gain-momentum/" data-wpel-link="internal">Cryptocurrency</a></strong> world’s sixth-largest currency, <a href="https://en.coin-turk.com/ripple-xrp-price-analysis-bearish-trend-and-support-levels/" data-wpel-link="internal">XRP</a>, has experienced a notable increase in adoption and distribution, now held by over five million accounts with a total of 59.8 billion XRP, according to recent data from XRP Ledger explorer Xrpl Services. This development could signal a critical stage for XRP. However, it is necessary to take into account the XRP held by <a href="https://coin-turk.com/rippleda-xrp-yeni-ortaklik-beklentileri-yukseltiyor-iste-fiyata-etkisi" data-wpel-link="internal">Ripple</a> itself.</p> 
<h2 style="text-align: justify" id="xrp-adoption">XRP Adoption</h2> 
<p style="text-align: justify">According to data from the Xrpl service platform, there are 5,089,197 <strong>XRP</strong> accounts. Only 1,592 of these have a zero balance. This indicates that approximately 59,879,274,264 XRP is distributed across nearly five million accounts, showing a significant increase in demand and interest in this digital asset.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-324502 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-coin-turk-com-1-4.png" alt="" width="1522" height="759"></p> 
<p style="text-align: justify">In 2023, a US judge clarified that XRP is not a security in itself, providing regulatory certainty to the cryptocurrency and further strengthening investor confidence.</p> 
<p style="text-align: justify">The overall upward trend in the cryptocurrency market, where the total market value exceeded 2 trillion dollars and <a href="https://coin-turk.com/bitcoinde-btc-tehlike-canlari-caliyor-unlu-analist-siradaki-seviyeleri-acikladi" data-wpel-link="internal">Bitcoin</a> reached an all-time high of over $69,000, also contributed to XRP’s success.</p> 
<h2 style="text-align: justify" id="increased-institutional-interest-and-inflows">Increased Institutional Interest and Inflows</h2> 
<p style="text-align: justify">Despite XRP’s relatively low performance compared to other <a href="https://coin-turk.com/pepe-coin-iste-tam-buraya-gidiyor" data-wpel-link="internal">altcoins</a>, data revealing the number of accounts and total XRP holdings indicate resilience among XRP holders.</p> 
<p style="text-align: justify">According to CoinShares, XRP continues to attract interest and demand from institutional investors, with recent reports showing an inflow of $2.5 million just last week.</p> 
<h2 style="text-align: justify" id="how-much-is-ripple-in-turkish-lira">How Much is Ripple in Turkish Lira?</h2> 
<p style="text-align: justify">At the time of writing this article, XRP has risen to $0.628, a 4.26% increase over the past 24 hours, marking its second consecutive recovery day after a sharp decline on March 5th. The cryptocurrency reached its intraday high of $0.63 and the next target is set at $0.67. In Turkish Lira, <strong><a href="https://en.coin-turk.com/ripples-top-legal-officer-reacts-to-sec-chairmans-comments/" data-wpel-link="internal">Ripple</a></strong> is trading at the level of 20.23.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-324500 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-try-coin-turk-com-.png" alt="" width="1815" height="835"></p> 
<p style="text-align: justify">Bears pushed the price down from the $0.67 level on March 5th. However, $0.63 has become a support point. With bulls entering the fray, XRP may fluctuate between the 50-day SMA and $0.67 in the near term, suggesting range-bound trading.</p> 
<p style="text-align: justify">Nevertheless, the recovery from the 50-day SMA level of $0.547 indicates that bulls are still buying on significant dips. XRP has the potential to make another attempt to overcome the general resistance at the $0.67 level, potentially paving the way for a rise towards $0.74.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/significant-adoption-and-distribution-growth-for-xrp-cryptocurrency/" data-wpel-link="internal">Significant Adoption and Distribution Growth for XRP Cryptocurrency</a></h5>

Significant Adoption and Distribution Growth for XRP Cryptocurrency

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