XRP Ledger Surpasses 5M Active Accounts: Will XRP Price React?

• The XRP Ledger reached over five million active accounts, indicating significant user expansion.
• Upgrades like the Hooks protocol and new sidechains are boosting the XRPL’s potential.
• There’s speculation about a potential 35.76% rise in XRP price by January 13.

The XRP Ledger (XRPL) has achieved a significant milestone by surpassing five million active accounts, marking a pivotal moment in its trajectory. A report from a prominent XRPL explorer confirms this, showcasing a chart that underscores the legitimacy of this achievement.

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This surge in active addresses, totaling over five million, reflects the growing user base and engagement within the XRP Ledger ecosystem. Alongside this milestone, data reveals a total available XRP supply of 99,988,011,262 units, with approximately 40,508,420,089 XRP locked in escrow. Other major players like Binance Exchange, Uphold, Upbit, and Kraken also maintain substantial holdings, signifying growing support for XRP within the industry.

Source: xrpscan

Several upgrades to the XRP Ledger have bolstered its potential for positive growth, attracting attention and participation from various entities. Among these enhancements is integrating the Hooks protocol, transforming the blockchain into a smart contract platform. Additionally, the emergence of new sidechains such as Xahau and Evernode (EVERS) has augmented the overall sentiment and utility of the XRPL network.

The question that arises amidst this milestone is the potential impact on XRP’s price. CoinCodex’s current XRP price prediction suggests a potential rise of 35.76%, estimating a price of $ 0.786944 by January 13, 2024. While technical indicators depict a bearish sentiment, the Fear & Greed Index signals a level of 71 (Greed), indicating a mixed sentiment within the market.

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