In August, XRP's network activity surged by over 84%, with active addresses increasing from 23,642 to 43,543 in just 11 days. This growth indicates heightened participation and adoption of the XRP ledger, even though the token's price has fallen by 3.58% this month. The rising on-chain activity suggests growing interest in XRP, which could potentially boost demand despite current price volatility. However, increased network use does not guarantee immediate price recovery.
Franklin Templeton's tokenized money-market fund, sgBENJI, shows varying unit amounts and valuations across blockchain networks. On Oct. 23, sgBENJI units totaled 48.3 million on XRP Ledger and 26.9 million on Stellar, with a combined value near $75....
On October 23, Zcash (ZEC) and NEAR spot ETFs recorded net inflows of $20.52 million and $992,689 respectively, while other tracked altcoin spot ETFs such as XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and others showed no...
Amonyx, a commentator on X, predicted an impressive bull run for XRP without specifying a price target. Key Fibonacci retracement levels for XRP were noted at $1.3359, $2.1847, $4.8417, and $7.9180, indicating potential price milestones. Previous ana...
XRP's recent price rebound did not follow the expected five-wave Elliott Wave pattern, instead showing a weaker three-wave recovery. Currently trading around $1.32, XRP is close to the 61.8% Fibonacci retracement level at $1.31, with several nearby s...
XRP has been trading within a range of approximately $1.25 to $1.60 for about 10 weeks, showing price compression after a significant 70% gain in August. Analyst ChartNerd highlights a parallel channel between the 20-week and 50-week moving averages,...
