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Cryptocurrency News Articles
XRP Activity Jumps 47%, Market Awaits Reaction as Sentiment Turns Greedy
Apr 23, 2025 at 10:27 am
The rising number of active users shows that people are actively using XRP in its network. Active addresses on the XRP network grew from 27,352 to 40,366 on April 20.
The price of XRP was $2.15 on April 22, 2025. In the last day, the currency has gained 3.15 percent in value. Over the past week, the network kept growing at 1.46%. During the month, the value of XRP declined by 10.28%.
According to recent data from the XRP blockchain, network usage has increased significantly. The number of active addresses on the network grew by 67.50% during this period, rising from 27,352 on April 19 to 40,366 by April 20. This rapid rise in network activity indicates that more people are using and adopting XRP.
A reading of 55 on the Fear and Greed Index signifies that Ripple is currently in a favorable position. The market demonstrates mild greed sentiment and a balanced attitude towards XRP. The market shows modest confidence in XRP's future performance during the next few months.
XRPActivity Surges by 67% As Fear And Greed Index Reaches 55
The increasing number of active users signifies that people are engaging with and using XRP on its network. Active addresses on the XRP network grew from 27,352 to 40,366 on April 20. Historical data reveals that surges in network use often precede market movements, triggering price fluctuations.
However, data from Glassnode shows that XRP prices did not experience major fluctuations during this period. The XRP market value slid from $2.09 to $2.08 across a single day on April 19 to April 20.
Market experts note that a considerable disparity between network growth and price movement might indicate a potential breakout. When XRP achieved a new high in active addresses, its price exhibited substantial fluctuations in the following weeks.
The Fear and Greed Index, standing at 55, indicates that analysts anticipate positive price movement for XRP in the upcoming period. When market sentiment showcases more greed than fear in trading behavior, it tends to increase buying pressure from bulls.
Volatility Indicators Point To A Potential Breakout
In the last several weeks, the price of XRP has exhibited both rising and falling patterns. The 3.15% daily gain and 1.46% weekly rise indicate short-term bullish momentum. On the other hand, the 10.28% drop in price for the month demonstrates the ongoing difficulties faced by the market in continuing its growth.
On-chain indicators provide better insight into the future direction of XRP's price. More users participating on the network aligns with increasing activity and practical use of the token.
Historical data supports this theory. Network activity for XRP surged late in 2024, launching an over 20% price increase during a two-week period. The present situation, with minimal price changes during growing network activity, matches the earlier market conditions.
The crypto market recognizes XRP as one of its top participants, considering its total market value now reaches $121.54 billion. The market trends of Bitcoin and other cryptocurrencies will impact how XRP develops in the future.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- title: Bitcoin (BTC) price reaches six-week high as US-based BTC ETFs record $936.4 million net inflow
- Apr 23, 2025 at 04:45 pm
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