The cryptocurrency with a 2600% increase in network activity is named

The Ripple network has registered an unprecedented level of user activity. on May 27, user activity increased by more than 2600%.

According to Santiment, this week the XRP network recorded the second highest volume of user activity in its history. Between May 26 and 29, the number of intraday active XRP addresses increased from 18,090 to 490,350. This represents a 2600% jump in daily user activity.

The steady growth, as seen in the graph above, means increased demand for the network’s services. Obviously, this has had an impact on the XRP rate in the past few days. During the week, the value of XRP grew by 11.6%, currently trading at $ 0.51. The last time a similar surge in XRP holder activity was observed was on March 19, 2023. Back then, the price of XRP rose by more than 42% within 10 days.

Given that this time Ripple has achieved higher results, maintaining this level of network activity for 3 days in a row, the coin’s holders can expect further growth in value in the coming weeks.

The majority of crypto investors who bought XRP over the past month are now in the profit zone (about 9%), according to Santiment and the Market-Value to Realized-Value metric. This indicator calculates the ratio of the market value to the realized value of a coin.

Historical trading patterns show that the last time XRP reached this level of bullish momentum, investors made 26% profit before selling. This means that the XRP price could potentially approach $ 0.59 before encountering significant resistance.