XRP active addresses up 36% in two weeks despite price drop

XRP's daily active addresses have increased by 36% in two weeks, a trend that diverges from its recent price decline, The Crypto Basic reported. Citing Santiment data, the report noted that active addresses grew from 27,205 on June 14 to 37,202 on June 28. Despite XRP's price falling 43% year-to-date and 21% this month, the outlet suggested that the steady number of active addresses, hovering around 38,000, indicates sustained demand for the XRP Ledger's infrastructure. The report also highlighted CryptoQuant data showing active receiving addresses at 39,916, significantly outnumbering the 12,676 active sending addresses, which could point to accumulation through exchange withdrawals and peer-to-peer transfers. With XRP currently trading around $1.04, The Crypto Basic identified the next major support levels at $0.80 and $0.62 should the downtrend continue.