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- Currently, there are 3.2 million XRP accounts in the cryptocurrency market.
- XRP has decreased by 2.15% compared to the previous day.
Ripple, the open-source blockchain payment protocol that propelled the entire cryptocurrency market following its victory over the SEC, is once again in the spotlight with significant new developments, generating buzz across social media platforms.
As of July 25, 2023, it has been reported that XRP has registered approximately 3.2 million accounts. Additionally, the average number of XRP tokens held in each wallet is 12,350.86. Last week, XRP traders reduced their activity, resulting in a 44% decline in trading volume.
As of July 25, 2023, over 3.2 million #XRP accounts have been created! That’s an average of 1,166 new accounts every single day. pic.twitter.com/Q2usQj6JD0
— Lewis Jackson (@cryptolewlew) July 30, 2023
However, today, investor participation in trading has risen. This translates to an average of about 1,166 new accounts being created daily, indicating a consistent upward trend over time.
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XRP’s Activity Status
Recently, Coinbase has relisted XRP following the case against the SEC. As of July, XRP remains quite active. Furthermore, the distribution engagement has surpassed nearly 48 billion. Overall, the distributed XRP stands at 47.9%, while the remaining 52.1% pertains to the month of July.
According to CoinMarketCap, the current market price of XRP has decreased by 2.5%, now at $0.7054. Additionally, cryptocurrency investors are actively trading XRP, which has seen a 31.59% increase in trading volume, placing it in the 7th position.
XRP 24H Price Chart (Source: CoinMarketCap)
Nonetheless, the price chart for the past 24 hours shows a downward trend, indicating a red signal. The maximum supply of XRP is capped at 100 billion tokens, while the circulating supply constitutes approximately 52.69% of its total supply in the cryptocurrency market.
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