XRP Ledger's Network Growth Remains at "High Levels"
Main Idea
The XRP Ledger network continues to experience strong growth with high daily wallet creation, while XRP's price shows signs of recovery after a recent drop.
Key Points
1. The XRP Ledger network maintains high growth levels with approximately 7,500 new wallets created daily.
2. XRP's price reached $3.26, aiming to rebound to its recent high of $3.64 recorded last week.
3. On July 17, the network peaked with over 11,000 wallets created in a single day, coinciding with a 14.6% price increase for XRP.
4. XRP recently experienced a double-digit price drop due to intense selling pressure on South Korea's Upbit exchange.
5. Buyers appear to be stepping in, forming possible support around the $3.2 level, indicating a potential price bounce.
Description
The network growth of the XRP Ledger remains at "high levels," according to Santiment
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