XRP Addresses Surpass 4.3 Million, On-Chain Activities See Massive Surge

Over 4.3 million wallet addresses now hold the digital token XRP. The asset reached this milestone despite its peculiar struggles and the persistent Crypto Winter, which has plunged several assets to alarming lows. Given that XRP was not exempted from the onslaught, its most recent achievement emphasizes the asset’s growth during these unsettling times.

Ripple’s XRP Sees Huge Increase in Active Wallet Addresses

As of the time of writing, the number of XRP wallet addresses is 4,302,193, according to data from Messari, a crypto market intelligence provider. Among these 4.3 million addresses, 301 held XRP valued at $10 million or more at the time of writing. XRP, valued at over $1M, is stored at 823 addresses.

At the time of reporting, 4,299,813 addresses had XRP valued at least $1. Along with the address count, recent times seem to have seen an increase in XRP on-chain activity. In the last 24 hours, there has been an increase in the number of recipients and active addresses on the network. This suggests a higher rate of inflow.

According to data from Messari, 66,977 XRP addresses have been active during the last 24 hours, with 52,575 serving as recipient addresses and 21,429 as sender addresses. The number of active addresses increased by 29% last month.

The Struggle is Real: XRP Battles to Stay Above $0.33

Additionally, Ripple’s XRP holds the fourth spot on the list of assets with the largest 24-hour volume of transactions. The asset outperforms other cryptocurrencies, including Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), and Tron, with a 24-hour volume of $848M. (TRX).

The growth of XRP comes at a time when the cryptocurrency industry as a whole is going through a difficult time. XRP has been consolidated between $0.32 and the support at around $0.33 since September. The asset saw a slight rejection after peaking on September 11 at $0.3595, its highest value in the entire month.

Despite the fall and the recent market slump, XRP has managed to stay above the $0.33 support. The asset is still being traded at $0.3325 as of press time, up 1.89% over the last 24 hours, despite the bears’ efforts to push it off the support.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.