Ripple’s XRP token continues to perform well and is slowly decoupling from the rest of the crypto market. At the same time, the number of new addresses reached its highest point in three months. All this is good news for XRP investors
“XRP price has recovered to $0.52 on mild decoupling from the rest of the cryptocurrencySantiment tweeted. “Network growth was the highest in three months, with more than 2,773 new XRP addresses.”
It is the highest 24-hour growth for the network since July 2.
XRP is the cryptocurrency that has made a beautiful profit in the past seven days. The currency has risen by more than 13 percent in a week. This while other major cryptocurrencies such as Bitcoin and Ethereum only make a small weekly gain of 2 percent. It is therefore not surprising that Ripple’s XRP token has received increasing interest from investors.
Moreover, it has also gained the backing of popular crypto entrepreneur and former US congressional candidate David Gokhstein. According to the founder of the Gokhstein media, “XRP is probably the only legitimate asset that is doing well right now.”
Sentiment surrounding the asset is also increasingly positive as XRP supporters expect Ripple to win the battle against the SEC.