XRP Active Addresses Soar 84% as Price Lags Behind

The number of active XRP addresses has increased by 84.18% to 43,543 as of August 1st, according to data from CryptoRank.

This growth in network activity stands out against the relatively stagnant price of XRP, which remains close to $1.

Despite the weak price movement, long-term exposure to XRP appears high, with positive funding rates indicating that investors are willing to hold onto their coins for an extended period.

The current price support around $1 may help push prices towards $1.06, while a breach below this level could lead to further decline.