The XRP price has fallen to a level close to $1 support, with more dynamic chain data in the market. The number of new wallets added by XRP Ledger rose to 4,941 on that day, the highest level in more than three months.
Resurgency on the chain
The number of new wallets is usually considered a reference for network usage. This increase in data indicates a significant increase in XRP-related activities in the short term.
There's a lot of emotions going on.
More positive than negative comments are evident on social platforms, with a ratio of 3.7 to 1. The market is concerned about whether this improved mood translates into a sustainable buyout.
Prices are still being tested.
The XRP is still testing critical support, despite the co-heating of the chain. The continuation of the next trend remains dependent on the continued follow-up of funding.