Golden Finance reported that XRP price has increased by 232% in the past 30 days, and its on-chain indicators also show positive signs of recovery. XRPScan data shows that the number of active accounts or unique senders on the XRP network has increased from 15,592 on November 1. This increased to 47,044 on November 16. The total number of active accounts doubled on average in November (a 100% increase) from around 12,000 to 25,000 this month, and the number of new accounts activated on the XRP ledger also increased significantly in November, indicating a large influx of new users on the network. enter.
Analysts believe that the current XRP target price may be between US$1.95 and US$2.05, but what needs to be paid attention to is that since November 16, XRP price and trading volume have shown an inverse correlation, indicating that XRP is going through a distribution stage and market transactions The owner may be looking to sell.