Ripple Address Count Taps Milestone High Despite Bearish Price Sentiment
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This achievement comes despite the challenges mounted against Ripple and the unrelenting crypto winter that has sent most of the cryptocurrency industry to record lows. Ripple’s landmark growth indicates that investors remain confident in the project.
According to the latest data from on-chain analytics provider Messari, Ripple has a total account count of 4,303,151. Of this figure, 1,091 wallets hold $1 million or more worth of XRP. Also, 6,639 wallets hold between $100,000 and $999,999 worth of XRP.
Messari also showed that within the last 24 hours, the network has had 50,010 active addresses, with 37,415 wallets receiving funds and 20,780 sending XRP.
With a current price of $0.3363, XRP has a 24-hour transaction volume of $810 million.
Meanwhile, XRP currently occupies the number four spot on the list of crypto assets, with the highest transaction volume in the last 24 hours. This gives XRP a lead over other cryptos such as Litecoin (LTC), Ethereum Classic (ETC), Dogecoin (DOGE), and Tron (TRX).
Key Ripple Levels to Watch — September 16
Ripple is in an upbeat mood on Friday after suffering a minor setback following bearish reactions to the Ethereum Merge. The cryptocurrency is now on the verge of reclaiming the $0.3400 mark, as trading volume sees a minor facelift. This bullish move comes after a solid defense of the $0.3200 critical support by bulls, which should spur a rally near $0.3600 over the coming days.
The main target level for XRP bulls is the $0.3600 resistance, followed by the $0.3800 mark, which — if broken — could open the doors for an aggressive bullish rally for the cryptocurrency.
In the meantime, bulls need to secure a daily candle close above $0.3400 to lock on the bullish momentum for the weekend.
Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3300, $0.3200, and $0.3100.
Total Market Capitalization: $949.1 billion
Ripple Market Capitalization: $16.8 billion
Ripple Dominance: 1.77%
Market Rank: #7
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