Big Improvement in XRP Network: Next Target is 70 Million!

The 60 million threshold has been crossed in the XRP network.

The upward movement in the price of XRP, the third largest cryptocurrency by total market capitalization, of course, has also increased interest in it. XRP, which broke search records on Google Trends, has attracted a serious investor base and still continues to attract.

60 Million Record in XRP Wallets

According to the data transferred by XRP Ledger , the number of wallets on the network has recently increased to over 60 million. This is one of the new records in XRP history. According to XRPScan data, this incredible increase has occurred especially in the last 2 months. It seems that the number of wallets in the XRP mainnet last September was 50 million.

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Previously, on XRP Ledger, it took a period of 1 year to reach 10 million wallet increase. Now, there is a 10 million increase in the period from September to December, and this is an absolutely amazing development. Ripple CTO David Schwartz said that no such development has been seen since 2012.

 

Spark Airdrop One Reason

Another important reason for such a serious increase in the number of XRP wallets may be the Spark airdrop. Flare Network's cryptocurrency, Spark, will be distributed free of charge to all XRP investors at a 1: 1 ratio. However, this requires either creating a wallet in the XRP network or holding XRP on the exchanges that support it.

Leading exchanges such as Binance, Huobi, OKEx and most recently Coinbase have announced that they will support the XRP airdrop. This has created a worldwide recognition and popularity for XRP.

70 Million Can Be Reached Very Quickly

The next target for XRP, the world's third largest cryptocurrency, is now 70 million wallets. If the XRP price continues to rise from last month, it could take even less than a month to create 10 million new wallets.

Looking at XRP / USD price analysis and data, there are strong resistances ahead of XRP. However, as the Spark airdrop, which XRP investors are waiting for, approaches, buying pressure may increase and an upward movement can be seen in the XRP price. Of course, Ripple's steps in this process will also be critical for XRP investors and its price.