🔵Recent on-chain data shows that active XRP accounts have reached a seven-month high amid significant whale accumulation over the past two weeks. Despite market uncertainty, XRP has rebounded above $0.51 after dropping to $0.50, though it remains down 16% year-over-year.
🔵Active accounts on the XRP Ledger (XRPL), after a dip in early October, have regained momentum, reaching 24,411. Support from active accounts is critical for price movements.
🔵Additionally, addresses holding between 1 million and 1 billion XRP have increased their holdings by 390 million tokens, rising from 19.6 billion to 19.9 billion XRP over two weeks. This confirms bullish investor sentiment ahead of the upcoming U.S. presidential election. XRP is currently trading at $0.5170, reflecting a 2.79% increase.