XRP’s Popularity Soars: Retail Investors Fuel 490% Surge in Wallet Activity

Since 2022, XRP has witnessed a dramatic surge in daily active addresses, climbing by a whopping 490%. This rapid growth is significantly propelled by a substantial influx of new investors, accounting for nearly half of the recent market cap increase. However, as the market experiences fluctuations and profitability begins to decline, it remains uncertain whether this newfound popularity will maintain its trajectory in the long term. A prominent digital asset analytics firm, Glassnode, has provided insights regarding this dynamic market landscape.