Title: 6,939 XRP Addresses Created in Single Day as XRP Nears $3 Retest
XRP has been on a remarkable surge recently, and the latest data only adds fuel to the fire. According to Santiment’s reports, an astonishing 6,939 new XRP addresses were created in a single day, marking the highest daily figure since March 1st.
This sudden spike in wallet creation signals a fresh influx of capital and increased participation from new users. The combination of this growth with a surge in social media buzz suggests that the cryptocurrency is heating up quickly. As a result, the long-awaited $3 retest could be on the horizon.
As we approach the mark of $3, it’s worth noting that XRP has consistently increased since finding its bottom at $1.9 back in June 22nd. The price broke through important resistance levels at $2.24 and $2.36, solidifying its position as a top-three cryptocurrency by market capitalization.
While many may be hesitant to predict future prices, one thing is clear: XRP’s recent surge suggests that the asset has regained momentum. This momentum, combined with the significant increase in wallet creation and social media chatter, raises the possibility of another rally.
As investors continue to closely monitor the price action, it remains crucial for them to keep a close eye on volume as well. With an intraday high of $2.848, the price has been trending upwards for quite some time now.
Source: u.today