Gate News: On March 17, as blockchain network activity rebounded, the number of non-zero XRP Ledger wallets surpassed 7.7 million for the first time, reaching a 13-year high. Santiment data shows that active user numbers also surged to the highest level in the past five weeks, indicating strong growth momentum for the XRP network.
The number of non-zero addresses on the XRP Ledger continues to increase, reflecting investors taking advantage of price discounts to buy the native tokens during market downturns. On Monday, active addresses on the XRP Ledger reached 46,767, the highest in five weeks. Since XRP dropped to a low of $1.11 in early February, the daily active wallet count has steadily risen, and user engagement has further strengthened as the price recovered.
The rebound in network activity has driven XRP’s price higher. Over the past 48 hours, XRP’s price surged from $1.41 to $1.60, then slightly retreated to around $1.52, bringing its market cap back to fourth place, surpassing BNB. Analysts note that this rebound highlights the potential benefits of buying the dip and also indicates that the XRPL native token still has long-term growth potential.
With exchange supply decreasing and network users continuing to grow, market attention on XRP is increasing. Investors and analysts expect that, as network activity remains high, XRP could see further gains in the coming months. Although short-term price fluctuations may still occur, the increase in network holders and active users provides strong support for XRP’s steady development.
Overall, the combination of a record-high user base, increased network activity, and a price rebound has solidified XRP’s position in the crypto market, making it a focal asset with rising attention and investment enthusiasm.
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