XRP Active Addresses Surge Despite Its Dip Below $2
XRP fell below $2, down 17% over the past week. However, despite the bearish trend, data on the chain suggests a surge in network activity, raising questions about potential market sentiment.
Before the final decision Corrugated litigation It is expected that one month later, on April 16, the XRP community may stick with it despite the downturn in the macro economy.
XRP activity address twice in two weeks
According to the link data Glass nodefrom February 21 to March 10, the number of active XRP addresses tripled.
On February 21, XRP had 89,606 active addresses, but by March 2, that number had soared to about 543,000.
Despite a minor decline since then, the active address rebounded to 531,000 on March 7. As of March 10, XRP remained above 370,000 active addresses, higher than its previous level.
at the same time, XRP exchange flow It has been greatly reduced from second-hand performance. On March 7, the XRP remaining binance worth more than $465 million marks the highest daily outflow in a month.
However, in the past three days, Outflow drops sharplyindicating a slowdown in mass withdrawals from exchanges.
Differences between Price action and online activities Ask key questions about market sentiment.
A surge in active addresses often indicates increased user engagement, indicating increased demand or increased transaction volume.
However, binance flows out It may indicate a reduced accumulation pressure among investors or hesitation to move assets out of the centralized platform. This is often interpreted as uncertainty in the direction of the price.
Some analysts believe XRP price dropsDespite being involved in a resilient network, it is possible to point out short-term speculative trading rather than fundamental weaknesses.
Meanwhile, the decline in exchange outflows may indicate that traders stick to their assets rather than exit.
Nevertheless, there is no corresponding price rally, which shows balance and neither buyer nor seller has a decisive advantage.
Data Reveal Powerful Activities in XRP Ledgerthe market remains unchanged.
Whether this increased participation translates into future price recovery or continued merger remains to be seen.
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