XRP number of active users reaches a three-month high as price soars 40%

By Selena On Feb 9, 2022

XRP price has jumped above the two leading “Ethereum killers” – Cardano (ADA) and Solana (SOL) after rallying 40% in the past seven days. On-chain analytics firm Santiment notes that XRP’s daily active addresses have seen a steady uptick in recent months.

XRP active users spike to 3-month high as price skyrockets 40%

According to Santiment, the proce is reflecting the latest growth in its network, skyrocketing by 50% since Feb. 3, when it began its upward rise. XRP is set to mark the sixth green day as it surges to highs of $0.91 on Feb. 8.

“XRP is +37% the past 4 days, and finally is reacting to its daily active address uptick that started in mid-January. XRP Network’s coin currently sits a tick above $0.82 and is outputting the same addresses as it did in early November at $1.18”, Santiment stated.

Source: Santiment

At press time, Santiment notes that XRP active addresses are at levels seen in early November, nearly three months ago. Meanwhile, Whale Alert detected half a dozen large transactions made by leading crypto exchanges like Binance, Bittrex, and Bithumb.

Binance transferred 17,960,902 XRP worth $15,435,581. Bithumb made two transfers, raising 40 million XRP (equivalent to over $36 million). These exchanges moved funds between their own wallets. However, US-based Bittrex sent 65 million XRP in two to South Korea-based Upbit exchange, similar to Bithumb. The largest single transaction here yields a whopping 142,103,000 XRP worth $119,979,720. The total equivalent of all XRP traded is $265,141,870.

Source: Whale Alert

This happened as the eighth largest cryptocurrency demonstrated a surge of close to 40% in the past few days. Ripple-affiliated cryptocurrency XRP has surpassed Cardano and Solana, becoming the sixth-biggest cryptocurrency by market capitalization.

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