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XRP Ledger On The Brink Of A Major Milestone, Will It Move XRP Price?

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Amid the decline in crypto interest, decentralized public blockchain XRP Ledger displays a significant uptick in adoption as it is on the verge of accomplishing yet another major milestone in its total count of accounts.

XRP Ledger Forthcoming Milestone

The XRP Ledger has been doing great in the quarter of 2023, achieving milestones that indicate its growth and versatility. Recent data from the blockchain’s official website shows that the ledger is very close to achieving a major milestone, recording almost 5 million total counts of accounts on the ledger. The ledger’s total accounts are currently sitting at 4,813,296.

According to the data, the total number of XRP tokens held in these accounts has also increased significantly and is currently sitting at 58,882,056,310, slowly moving toward the 60 billion mark. Meanwhile, the total number of account reserves is currently sitting at 48,132,960.

Accounts near 5 million mark | Source: XRPL

This yet-to-be-accomplished milestone of the ledger has raised speculations about the XRP price and whether the significant increase in usage and adoption will affect the price of XRP.

The XRP Ledger’s milestones show not only strength and promise but also its resiliency. However, it is still being determined how these accomplishments will affect the token’s price, since the factors that basically contribute to the rise in XRP’s price also include market sentiment, supply and demand, and regulatory developments, among others.

The blockchain’s previous milestone that made headlines is the significant increase in the Ledger index. XRP chain explorer XRPScan Go to Source to See Full Article
Author: Scott Matherson

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