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XRP Network Seeing Explosion in $1 Million Transactions
The Ripple ecosystem has witnessed a surge in large transactions valued at $1 million or more, signaling a significant shift in the network’s adoption and growth. According to recent data analysis, there has been an explosion of such massive transactions on the XRP Ledger.
This development is being viewed as a positive sign by analysts, who believe that it highlights the growing trust and confidence in the use case for large-scale transactions. The fact that this surge in high-value transactions is occurring while the broader cryptocurrency market remains relatively flat suggests that the XRP network’s value proposition is not tied to the price of other cryptocurrencies.
As a result, investors are keenly watching if this bullish sentiment can support XRP in climbing past key resistance levels and potentially flipping its all-time high (ATH) of $3.84, which it hit in January 2018.
Source: u.today
