XRP Addresses Holding 1 Million Coins Hit Record High as Price Predictions Rise

The XRP Ledger (XRPL) is experiencing increased network activity, positively impacting its native token's price. Key developments include:

Whale accumulation has reached a new high with over 2,700 wallets holding at least 1 million XRP.
Active XRP addresses averaged over 295,000 daily in the past week, compared to a typical average of 35,000-40,000.
Circle’s USDC stablecoin launched on XRPL, expected to boost transaction volume and demand for XRP.
Ondo Finance introduced a tokenized US treasury fund on XRPL, further enhancing network engagement.
Guggenheim partnered with Ripple to issue Digital Commercial Paper on the XRPL.

Price Predictions

Analysts predict potential price rallies, including:

Javon Marks forecasts XRP could reach between $4 and $8, indicating bullish momentum.
Dark Defender suggests a possible increase to $6 based on Wave 5 analysis.
CasiTrades warns of potential downturns if XRP fails to hold above $2.25, with support levels at $2.01, $1.90, and $1.55.

Currently, the XRP price is trading around $2.16, down over 3% in the last 24 hours.