XRP Network Activity Explodes 654%, Volatility on the Horizon

XRP's Network Activity Surges by 654%, But Volatility Looms

The XRP Ledger has experienced a significant increase in activity, with active addresses surging by 654.71% to 356,070.

This growth is accompanied by a 71% price increase for XRP, reaching a local high of $1.699 on August 22.

The catalyst for this surge appears to be the US Treasury's announcement of buying back at least $4 billion in long-term bonds, injecting liquidity and liquidating short positions.