Surge in XRP Activity!

Activity in the XRP ledger has sharply increased. According to CryptoQuant, the number of active sender addresses has reached 12,230, marking a six-month high!

This surge occurred amidst a drop in the token's price below $0.50 following a Wall Street Journal report about an investigation into Tether (USDT) for suspected money laundering. However, after Tether's CEO denied the allegations, the price of XRP climbed back above $0.5150.

From September 15 to October 15, the number of new wallets grew by 10.39%, reaching 18,321. However, the total number of transactions decreased by 17.57%, with payment transactions down by 26.16%, totaling 6.81 million. This indicates that new wallets are being created faster than transactions are being made