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- $XRP has seen a notable surge in adoption, with over five million accounts holding 59.8 billion $XRP.
- $XRP demonstrates resilience despite its price underperformance, with holders benefiting from rising institutional interest and demand.
- Recent $XRP price action shows signs of recovery, with a 4.26% increase in the previous 24 hours to $0.628.
$XRP has experienced a notable surge in adoption and distribution, with more than five million accounts currently holding 59.8 billion $XRP, as per the latest data from an $XRP Ledger explorer.
The number of $XRP accounts stands at 5,089,197, with 1,592 accounts showing zero balances. This indicates that approximately five million accounts hold a total of 59,879,274,264 $XRP, showcasing a growing demand for the digital asset.
In 2023, a US judge ruled that $XRP is not a security, providing regulatory clarity for the cryptocurrency. This decision has likely contributed to the increased confidence in $XRP among investors and enthusiasts. $XRP has also benefited from the overall positive sentiment in the crypto market, which has seen the total market cap exceed $2 trillion and Bitcoin’s price reach record highs of over $69,000.
Despite $XRP’s price trajectory trailing behind that of other alternative coins, the metrics reflecting the volume of accounts and aggregate $XRP holdings suggest a steadfast commitment among $XRP investors. The digital currency remains a magnet for institutional investors seeking to broaden their investment horizons with cutting-edge assets. Just in the past week, $XRP has seen a notable influx of $2.5 million from institutional sources.
As of the latest data, $XRP has seen a 4.26% increase in the past 24 hours, reaching $0.628. This marks the second day of recovery following a significant drop on March 5. $XRP’s price hit intraday highs of $0.63, with the next target set at $0.67.