XRP is showing signs of renewed strength in the cryptocurrency market, with data indicating growing investor confidence and on-chain activity.
Restored Confidence in XRP
According to fresh data from Glassnode, 78.8% of all XRP holders are currently in profit, even as the token trades just below the $2.20 mark. This means nearly eight out of ten wallets are holding XRP at a value higher than their purchase price, a strong signal for both existing holders and potential investors. The number of daily active XRP addresses has surged by 182.7%, reaching 110,000.
Hint at Long-Term Growth
For long-term investors, the jump in active addresses is particularly promising. It suggests a rising user base and healthier network fundamentals, which are critical for sustainable price appreciation. Increased utility and real-world adoption have historically served as key drivers for long-term crypto growth.
Market Analysis and Price Movements
According to the latest CoinMarketCap data, XRP’s price has dipped slightly by 0.49% over the last 24 hours, now trading at $2.15. Despite the marginal pullback, the token maintains a strong market position with a total market capitalization of $126.71 billion. Chart analysis shows a steep upward price trajectory, peaking above $2.18 before experiencing a brief correction below $2.15.
With growing confidence and increasing usage, XRP could be gearing up for a significant market movement, indicating potential growth in the coming months.
