Incoming Milestone Could Be Very Bullish For XRP Price, Here’s Why
The XRP Ledger is close to another enormous milestone, which could spell good news for the XRP price going forward....
- The number of accounts on the XRP Ledger is rapidly increasing and is close to reaching the 5 million mark.
- Only a small percentage of accounts on the ledger have a 0 balance.
- The majority of XRP tokens are held in holder accounts, with a portion held in escrow.
- There are significant amounts of XRP tokens sitting as reserves in wallets.
- The rise in the number of accounts suggests increased interest from crypto investors, which could lead to a rise in the XRP price.
- Analysts have made bullish predictions for the XRP price, but it is currently struggling to surpass the $0.5 resistance level.
The article presents positive news about the increasing number of accounts on the XRP Ledger and the potential impact on the XRP price. However, it also mentions that the XRP price is currently struggling to surpass a resistance level.