On-chain data shows activity on the XRP network has registered a large spike over the past week as volatility has engulfed the market.
XRP Active Addresses & Volume Have Shot Up Recently
In a new post on X, analyst Ali Martinez has discussed about the latest trend in the Active Addresses of XRP. The “Active Addresses” here refers to an on-chain indicator that keeps track of the total number of addresses that are becoming ‘active’ or online on the network every day.
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An address is said to be active when it participates in some kind of transfer activity. This applies regardless of whether the address is involved as a sender or receiver. Thus, a single transaction always leads to the activation of at least two
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