Tuesday, September 21, 2021
HomeNewsRipple has seen a significant increase in daily active addresses | ...

Ripple has seen a significant increase in daily active addresses | news

The Ripple price has risen by over 150% since July 20th and is doing better than many other Altcoins despite the ongoing correction. One of the reasons Ripple is so strong is the growing interest of investors. According to recent data, the number of users interacting with the XRP ledger is growing steadily and indicates a potential inflow of capital.

The number of daily active addresses rose from 9,233 on July 25 to 23,537 on August 24, an increase of 176%. Source: Santiment

Ripple has pulled back from recent highs and is currently testing the lower bound of the triangle formation. Should there be a break to the downside, the downtrend could extend to $ 1.01, which coincides with the 38.2% Fibonacci retracement of the last upswing. On the other hand, if buyers manage to regain control, another upward momentum towards the recent highs at $ 1.33 could kick in. Source: xStation 5

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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.


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