Retail XRP Wallets Now Make Up Over 93% of Total 7.9M XRP Addresses
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On-chain data indicates that retail wallets holding at most 5,000 XRP tokens make up more than 93% of the total XRP-based addresses. The XRP ecosystem has continued to witness remarkable expansion in recent times.
XRP, the native cryptocurrency of the Ripple network, has seen its price grow massively in recent months, allowing it to overtake many other large-market cap cryptocurrencies. At the time of writing, XRP is the third-largest crypto by market cap, and current buying trends suggest it might stay there for a…
TL;DR A key metric showcasing the network and investor activity on a certain blockchain has revealed a massive difference in user engagement among the four largest cryptocurrencies by market cap. Nevertheless, analysts remain confident in XRP’s future price movements, as long as the asset remains above a critical support line.…
According to crypto entrepreneur Edoardo Farina, most individual XRP holders could find themselves shut out as inflation and tight budgets squeeze their options. He argues that owning more than 10,000 XRP – which costs about $23,100 at a price of $2.31 per token – has become a barrier for anyone…