<ul> 
 <li style="font-weight: 400">XRP’s <a href="https://coinstats.app/coins/ripple/">price</a> has surged substantially, but the network did not gain new investors.</li> 
</ul> 
Despite the 35% skyrocketing of XRP, the network did not see many fresh inflows, according to on-chain data. The majority of people who were operating on the network are <a href="https://xrpscan.com/metrics">not</a> new investors. 
Charts show that not many new accounts were activated during this period. In fact, older traders and holders are the primary forces behind this price movement.&nbsp; 
It appears that only the current community is experiencing the excitement. Despite the price rally, the number of newly activated accounts has remained relatively stable. 
However, there has been a discernible rise in both the average number of transactions per ledger and the quantity of payments made between accounts.&nbsp; 
This behavior indicates that although the total number of participants has not increased, trading and transaction activity among current holders has. It also suggests a lack of wider market acceptance. 
<figure id="attachment_77354" aria-describedby="caption-attachment-77354" style="width: 100%" class="wp-caption aligncenter">
 <img fetchpriority="high" decoding="async" class=" wp-image-77354" src="http://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-20-483x300.png" alt="" width="646" height="401" srcset="https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-20-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-20.png 760w" sizes="(max-width: 646px) 100vw, 646px">
 <figcaption id="caption-attachment-77354" class="wp-caption-text">
 XRP Price Chart | Source: CoinStats
 </figcaption>
</figure> 
&nbsp; 
The 50 EMA at $0.4968, the 100 EMA at $0.5184 and the 200 EMA at $0.5249 are all significant areas of support and resistance for XRP.&nbsp; 
XRP may stabilize and perhaps move up to higher resistance levels around $0.65 if it stays above these levels. The token is getting close to overbought conditions, according to the Relative Strength Index (RSI), which could signal a brief correction or consolidation stage. 
The sustainability of this upward movement in prices is called into question by the lack of new investor inflows despite the price spike.&nbsp; 
Bringing in new investors and boosting network activity are critical for XRP to maintain its optimistic trajectory. The rally might not last indefinitely if there are no new investors joining the market. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. 
<div class="xs_social_share_widget xs_share_url after_content 		main_content wslu-style-1 wslu-share-box-shaped wslu-fill-colored wslu-none wslu-share-horizontal wslu-theme-font-no wslu-main_content"> 
 <ul> 
 </ul> 
</div>

XRP Saw 0 New Investors Despite 35% Price Surge, Data Shows

ItsBitcoinWorld

Other articles published on Jul 23, 2024

Can Gnosis Match MoonBag's Record-Breaking Presale? Discover the Future of Crypto Investments!

Koreans trade MEW meme token more than Bitcoin (BTC)

6 Best Altcoin To Invest In Today, July 12 – ZetaChain, Terra Classic, Raydium, Gnosis

NBA star Scottie Pippen’s Ethereum vs. Solana comparison triggers debate

Tired of Axie Infinity’s Volatility? Discover How MoonBag's $3.7M Presale Is Changing the Game!

Binance Commits to Web3 Gaming

Join our free newsletter for daily crypto updates!