HomeUncategorizedWhy is XRP price up today? By Cointelegraph

Why is XRP price up today? By Cointelegraph

May 30, 2023

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The price of XRP (XRP) rose 6% to $0.51 on May 30 as the market’s attention turned toward the latest spike in XRP network activity.

hourly price chart. Source: TradingView

The XRP network witnessed a sudden increase in the daily active addresses (DAA) — the number of unique addresses involved in XRP transactions daily.

XRP DAA vs. daily price chart. Source: Santiment
XRP DAA count throughout history. Source: Santiment
XRP/USD weekly price chart. Source: TradingView
XRP/USD weekly price chart. Source: TradingView