The legal battle with the SEC is not the only issue that has been receiving quite a turnaround where Ripple is concerned.
XRP just hit a new milestone. The number of unique addresses interacting on the network exceeded 247k count during a four-hour window period., this is the highest spike on the network since February 2020. At the same time, new XRP addresses have remained consistent showing steady growth.With the growing interactions, a similar development was recorded in XRP’s trading volume. Interestingly, trading volume remained relatively high on Ripple as it hit an anomaly as of 22 July and 18.
The XRP token has not been a recipient of the flourishes of the crypto relief rally which ended over the weekend. In the past week, XRP has tumbled by 10.5%, thus bringing down the token value to $0.33, at press time.This downfall is further aggravated by the upcoming Fed decision on interest rates which has induced fear in the market.
With the SEC tug of war not going anywhere, Ripple will have shelter from the storm as it’s touted that the real bear market will enter in August 2022.Subscribe to get it daily in your inbox.