The Ripple Addresses of Millionaires is a Record. Could this be a Sign?

Ripple’s (XRP), despite what was a somewhat disappointing year so far, has now officially achieved a record for millionaire addresses. Indeed, Santiment The data indicates that there are now more than 2,00 addresses holding 1 million XRP. This is an unprecedented high.

It is no secret that XRP struggled in the past few months, stuck at $0.50-$0.52. It has also been unable develop a notable momentum, despite digital assets’ prominence in 2024. A lot of investors have been wondering if those millionaire’s addresses might be a sign that a turnaround is imminent and has long been awaiting.

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Ripple 2,000 millionaires XRP is a new record

This year, the crypto industry seems to have dominated all of finance. Two crypto-based ETFs have been approved by regulators in the past five months. This has led to a growing market interest. This hasn’t been the case for all tokens.

Ripple has been a major asset in terms of its value. Ripple’s price plummeted on Friday to just $0.48, as the market fell. According to reports, the asset dropped by as much as 7 percent. CoinMarketCap data. Recent metrics about the most passionate XRP investors offer some hope.

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Data shows that Ripple is at an all-time record for XRP Millionaire Addresses. This indicates there has never been so many wallets with at least one million XRP. The question remains, however, whether or not this growth can be assured by a bullish surge.

The recent stagnation in the value of the asset has left many with little hope. There is also the belief that this could continue until Ripple and US Securities and Exchange Commission settle their long-running lawsuit.

Many people expect this asset to be unable to surpass the $0.50 mark. Only time will reveal if that is indeed the case or whether the moment has come for this asset and its investor.