Ripple sees a significant rise in daily active addresses

Ripple price rallied over 150% from the 20th July and despite ongoing correction is performing better compared to many other altcoins. One of the reasons for Ripple's strength is the rising interest among investors. According to recent data, the number of users interacting with the XRP Ledger is constantly growing and indicates a potential inflow of capital.

The number of daily active addresses jumped from 9,233 on July 25 to 23,537 on August 24 which represents a 176% increase. Source: Santiment

Ripple pulled back from recent highs and price is currently testing the lower limit of the triangle formation. Should break lower occur, then downward move be extended to the $1.01 handle which coincides with 38.2 Fibonacci retracement of the last upward wave. On the other hand, if buyers manage to regain control, then another bullish impulse towards recent highs at $1.33 may be launched. Source: xStataion5

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