XRP Adoption Soars: Over 5M Accounts Hold More than 59B XRP

• 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.

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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.

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