The XRP Ledger has witnessed a sharp increase in activity, with 35,799 unique wallets making at least one transfer in a single day — the highest level in over three months.
Additionally, 3,858 new wallets were created in just 24 hours, marking the most significant spike in over seven months.
🤯📈 XRP Ledger has spiked in active wallets significantly, reaching 35,799 unique wallets making at least one transfer in a single day, the highest in over 3 months. Additionally, 3,858 new wallets were created in a single day, the highest amount in over 7 months! pic.twitter.com/DcwTzh8NcE
— Santiment (@santimentfeed) October 20, 2024
This surge comes on the heels of comments made by Elon Musk, who mentioned XRP in a recent interview. Musk discussed XRP’s role in resisting centralized control, underlining how cryptocurrencies, like XRP, contribute to enhancing financial freedom.
His remarks echoed a previous comment he made under a post by Ripple CEO Brad Garlinghouse, where Musk weighed in on the ongoing legal battle between Ripple and the SEC.
WOW! 💥
Yesterday Elon Musk mentioned #XRP in an interview and in the past he commented under Brad Garlinghouse‘s post about the SEC 👀
IS ELON MUSK AN XRP HOLDER? 💰 pic.twitter.com/OGtt5e1z8s
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) October 21, 2024
Musk’s recognition of XRP appears to have reignited interest in the asset, coinciding with the impressive uptick in wallet activity. XRP enthusiasts have long seen the token as a potential alternative to traditional financial systems, and Musk’s remarks only added fuel to this narrative.
🚀 BREAKING: Elon Musk finally speaks on #XRP! In this video, he discusses XRP's role against centralized control, emphasizing crypto's freedom-enhancing potential. 🌐💬 Note: It's NOT an endorsement! #CryptoNews #ElonMusk #Cryptocurrency #FinancialFreedom #TechNews #Blockchain… https://t.co/yAQOOVwO0c pic.twitter.com/Jhu2rtCFPc
— Collin Brown (@CollinBrownXRP) October 21, 2024
XRP Capabilities
Michael Arrington, CEO of Arrington Capital, also praised XRP’s capabilities. He highlighted its power and efficiency by sharing that his company once transferred $50 million in XRP in just two seconds — and for a mere 30 cents in fees. This example illustrates XRP’s ability to facilitate large, low-cost transfers, which remains a key selling point for its use in global payments.
WOW! 💥
Michael Arrington, CEO of Arrington Capital, highlights the power of #XRP:
"We transferred $50 million in XRP to our company in just 2 seconds for only 30 cents!"
XRP is set to be a game-changer for everyone! 💎 pic.twitter.com/Y5UFGEQtsv
— Collin Brown (@CollinBrownXRP) October 20, 2024
As XRP continues to gain attention from influential figures, it’s clear that the token’s potential to disrupt traditional financial systems remains strong, and the latest surge in activity signals growing confidence in its future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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