Ripple’s XRP token has achieved substantial market growth as the XRP Ledger reached a major milestone. Santiment data shows that XRPL has achieved 7.7 million holders for the first time after 13 years of operation.
The Ripple news demonstrates how XRPL adoption is increasing amid growing user activity. The Santiment data shows that the XRP price reached its highest point, in line with increasing levels of activity.
XRPL Adoption Booms with 7.7M Holders
According to the latest Santiment data, the XRPL ecosystem has seen a significant growth in user adoption and activity. Santiment shared an X post, which showed that XRP Ledger now has more than 7.7 million users who maintain active wallets.
The XRP Ledger has achieved this milestone for the first time since its 2012 launch. The network shows increasing adoption because users maintain their steady network usage.
XRPL Adoption Surges; Source: SantimentThe new Ripple news release comes after Ripple introduced a new update for the XRP Ledger. The updated version 3.1.2, according to CoinGape, focuses on addressing critical security vulnerabilities that exist within the system. It addresses a critical problem that could cause servers to crash or restart unexpectedly.
Data from Santiment also highlights a sharp rise in on-chain activity. On Monday, 46,767 active addresses marked the highest level of active addresses over the previous five weeks. The increase in user activity indicates that both retail users and traders have started to show fresh interest in the platform.
XRP Price Climbs Alongside Rising Network Activity
The Santiment data showed that the XRP price experienced a major increase, which occurred simultaneously with rising XRPL activity. According to the report, the Ripple token price saw an impressive hike of 14% in just 48 hours.
As of press time, the value of XRP is marked at $1.51, with a 2.56% surge in a day. Although the token has dipped by 3.8% over the past month, it has seen a remarkable weekly hike of 10%. Amid rising institutional interest and technical indicators, XRP continues to soar.
With the XRP price breaking above the critical resistance at $1.60 earlier today, experts remain convinced about its potential rally. Market analysts like Crypto Tony see XRP as “What a lovely Altcoin to trade today. Flip and long, flip and long.”
If the current momentum continues, the XRP price is poised to see new record highs. According to Javon Marks, the token’s next target remains above an ambitious high of $15.
Source: https://coingape.com/ripple-news-xrpl-breaks-records-with-7-7m-users-amid-xrp-price-rally/
