The launch of XRP, Ripple’s cryptocurrency, is approaching a new phase. The number of wallet addresses is just a stone’s throw away from a historic milestone, indicating growing interest in XRP.
Ripple and XRP vs. US Government: A 2023 Recap
Ripple news
XRP introduction
Just to clarify: Ripple is the company, XRP Ledger is the software and XRP is the cryptocurrency. The XRP Ledger (XRPL) is not a blockchain like Bitcoin (BTC) or Ethereum (ETH), but a form of distributed ledger technology (DLT). DLT is a broader term of which blockchain is a specific type.
The XRPL forms the backbone of XRP and, like any blockchain, is extremely transparent. This makes it easy to map the number of wallet addresses, which is an important indicator of overall adoption.
Data from XRPL Services shows that the number of wallet addresses currently stands at 4,983,828. With another small push, the big milestone of 5 million wallet addresses would be reached. This impressive performance reflects the increasing popularity and usage of XRP, one of the largest and oldest cryptos on the market.
The number of wallet addresses does not necessarily correspond to the number of people using the network. For example, a single person can have multiple addresses, and one address can also represent a large number of people.
The total XRP balance held in all wallets is almost 59.3 billion XRP. Additionally, data shows that 1,402 wallets have no XRP balance.
Crypto comeback in 2023
Yesterday, XRP appeared in the list of three successful coins that surprised the crypto world this year. 2023 will go down in history as the year of the great victory for Ripple in the legal dispute with the American Securities and Exchange Commission (SEK).
In July, it was decided, among other things, that the sale of XRP on trading exchanges does not fall under securities legislation. At that time, the XRP price received a significant boost, but the increase was largely lost. Nevertheless, it is an important step in the years-long battle with the financial regulator.
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