XRP Pushes Above $1.60 as Network Activity Picks Up

Ripple’s XRP climbed above $1.60 on Tuesday for the first time since early February, aside from a brief uptick in August, as network activity increased alongside the price move.

Data from blockchain analytics firm Santiment showed a rise in large transactions and the creation of thousands of new XRP addresses during the latest advance. The firm recorded 1,917 XRP transactions worth at least $100,000, the highest level of such activity in roughly a month.

While the figure points to increased activity among larger holders, Santiment noted that the transfers do not reveal whether whales were buying or selling.

XRP Network Activity Picks Up The network also added 3,647 new XRP addresses during the period tracked by the analytics firm.