XRP Active Addresses Soar as Price Remains Below ATH

XRP's network activity has seen an unexpected surge, with active addresses increasing by 84.18% from August 1 to 43,543, according to data shared by Ali Charts.

This growth in network activity comes as XRP remains around 71.7% below its all-time high of $3.66 and trades close to the $1 level.

The increase in active addresses accelerated during August, with a notable spike from roughly 24,000 to 35,000 before exceeding 40,000.

Derivatives positioning has also added another layer to this setup, with XRP funding rates remaining predominantly positive since late June.