The XRP network has experienced a remarkable surge in activity, with nearly 627,000 active addresses recorded recently—the highest figure since April 2023. This significant uptick was highlighted by crypto analyst Ali Martinez, who noted the substantial increase in network engagement.
$XRP network lights up! Nearly 627,000 active addresses. The most since April 2023. pic.twitter.com/hhmltkcIRy
— Ali (@ali_charts) March 21, 2025
Surge in Active Addresses
Recently, the number of active XRP addresses witnessed an unprecedented rise. Data indicates that active addresses peaked at 70,000, a six-fold increase from earlier in the year when they ranged between 10,000 and 12,000. This surge underscores a growing interest and participation in the XRP ecosystem, reflecting heightened user engagement and transaction activity.
Whale Accumulation and Market Dynamics
Concurrently, whale investors—those holding between 1 million to 10 million XRP—have been actively accumulating the cryptocurrency. Over the past two months, these large holders have increased their holdings by 10%, bringing their total to approximately 5.81 billion XRP, valued at around $14 billion. This accumulation trend among significant investors often signals bullish market sentiment and confidence in XRP’s long-term potential.
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Impact on XRP Price
The surge in network activity and whale accumulation has positively influenced XRP’s market performance. The cryptocurrency has experienced a notable price rally, surging from $0.60 in early 2024 to $2.50 by March 2025. This upward trajectory reflects increased investor confidence and robust demand for XRP, aligning with the heightened network activity.
The recent spike in active addresses and sustained whale accumulation highlight a period of significant growth and optimism for the XRP network. These developments suggest a strengthening ecosystem with increased user participation and investor confidence, potentially paving the way for further advancements and adoption in the cryptocurrency space.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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