XRP Active Addresses Hit 2-Month High as Sentiment Turns Bearish
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XRP Ledger activity climbed to its strongest level in more than two months as bearish social commentary reached a three-month extreme.
Key facts
XRP Ledger activity jumped to a two-month high on Aug
The XRP Ledger, on the other hand, is not so quiet
The latest spike extends an increase already visible earlier in August, when daily active addresses averaged about 35,700 through Aug. 12, compared with roughly 26,400 during July
XRP Ledger activity climbed to its strongest level in more than two months as bearish social commentary reached a three-month extreme
Summary
XRP Ledger activity jumped to a two-month high on Aug. 14 as analytics firm Santiment recorded 49,929 active addresses in one 24-hour period, even while XRP commentary reached a three-month bearish extreme. “XRP negativity surged throughout this week as prices have failed to rally (so far). The latest spike extends an increase already visible earlier in August, when daily active addresses averaged about 35,700 through Aug. 12, compared with roughly 26,400 during July. “The XRP Ledger, on the other hand, is not so quiet. $XRP saw 49,929 active addresses in a single 24 hour span, its highest activity level in over 2 months, after earlier July activity had dropped near 2026 lows.”