The number of addresses on the XRP Ledger with a non-zero balance has reached a record high of over 5 million. Still, the price of Ripple’s native token, XRP, remains muted.

Technical analysts maintain that such divergence between rising network activity and lackluster price action could result in a significant price breakout.

XRP Ledger Adoption Grows

On January 27, on-chain analytics platform Santiment reported that the number of wallets on the XRP Ledger holding a balance above zero had reached 5.02 million. It added that the milestone represents the highest level in its ten years of trading history.

It is worth noting that the most significant spike in network adoption happened in the last three years, when the number of XRP addresses nearly doubled, representing a 170% increase since the beginning of 2020. Furthermore, the number of transactions on the XRP Ledger from one wallet to another reached an all-time high of almost 6 million earlier this month, according to XRPscan.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

Despite these impressive metrics, XRP continues

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Author: Martin Young

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