In Ripple’s six years plus history, this is the first time, it is seeing the current level of single day daily active creation. Crypto data provider Santiment noted,
#Ripple recently saw its largest single day in daily active addresses created in the token's 6+ year history, according to our Sandata platform. $XRP is up 16.3% since this spike last week, only overshadowed due to $ETH's rise. Sandata available here: https://t.co/EFmwszIzCF pic.twitter.com/WAbWJTMCKY
— Santiment (@santimentfeed) February 13, 2020
Upswings in the daily active address created has been seen in July last year when the XRP price was declining. In December, the price bottomed out and started surging in 2020 and soon after addresses started picking up as well.
This month two such spikes have been seen, each one making a new record. XRP community and investors are surely getting ready for a bull market.
This past week, XRP price has surged nearly 16% while so far in 2020 it is up 70% trading at $0.325. The performance of the third largest digital asset was “only overshadowed” due to the rise in ETH price which is up a whopping 109% on a year-to-date basis.
Going forward, experts are still bullish on this cryptocurrency with trader Crypto Michaël expecting another over a 100% move.
Having broken the two year-old-downtrend and a retest, “Breaking above 3000 satoshis and likely continuation towards 3700 / 4400 and maybe even 6700 satoshis,” said the trader.
Meanwhile, trader Scott Melker has just two words for XRP, “Blast off.”
No plans to get out of this one any time soon. pic.twitter.com/Twm8mIqvWu
— cryptokitten (@cryptomeowmeow) February 14, 2020
XRP bull Magic Poop Cannon made his appearance on Crypto Twitter after a long time, and only to share that “this could be the real deal.”
The XRP price chart, the analyst said looks identical to that of 2017, a bull rally of which XRP was the top performer, before the “massive rally.” Moreover, the resistance has also been “thoroughly destroyed” by the asset.
Now, it’s to be seen what will be the local top of this rally and wait for a new all-time high.