Accompanied by positive price dynamics, this could signal further increases in volatility.
Since mid-September, there has been a significant increase in activity on XRP network addresses. Typically, such spikes precede price changes and growth in trading volumes for digital assets.
XRP has confirmed this trend: last week, its price rose by 8%, reaching $0.631. The cryptocurrency’s market capitalization reached $35.723 billion, and the daily trading volume amounted to $2.279 billion, according to CoinMarketCap. This growth may indicate increasing interest from investors and market participants in this asset.
The CryptoQuant team notes that in September, the average daily number of active addresses participating in transactions amounted to 1.6 million. At the beginning of the month, this figure exceeded 1.9 million, but by mid-September, activity had stabilized at a more sustainable level. This could suggest that the market is preparing for further movements, driven by growing interest in XRP.
The minimum amount of a single transaction among retail investors is 310 XRP, while the maximum reaches 18,557 XRP. For large wallets, the transaction range is significantly higher — from 311,341 to 807,382 XRP, highlighting the activity of major market participants, possibly preparing for large capital movements.
Analysts point out that increased activity in large wallets may be a precursor to further price growth and increased volatility. This suggests growing interest from both retail and institutional investors in XRP, which could have a positive impact on the digital asset’s long-term prospects.
