• XRP price dips, but trading volume soars
• Mixed signals: neutral sentiment, narrow range
• SEC lawsuit casts shadow, buying pressure persists

The price of Ripple’s XRP token is currently trading at $0.5144, having dipped 1.21% in the past 24 hours. However, trading volume has surged by a significant 62.96% to $772.3 million, reflecting heightened market activity. The daily range for XRP has fluctuated between $0.5075 and $0.5208. Its market capitalization currently stands at $28.44 billion.

On-chain data reveals interesting trends among XRP holders. The cohort holding between 100,000 and 1 million XRP now controls 11.01% of the total circulating supply. Conversely, the holdings of addresses within the 10,000 to 100,000 group have decreased, accounting for 11.27%. The number of active addresses within a 24-hour period reached a peak of 35,000 on May 18th before dipping to 33,100.

This recent decline in active addresses coincides with the ongoing SEC vs Ripple lawsuit. The lawsuit centers around two key issues: potential fines for allegedly selling unregistered securities (XRP) to institutional investors and a potential injunction on Ripple’s On-Demand Liquidit…

The post XRP: Mixed Bag – Price Down, Buying Up? appeared first on Coin Edition.

• XRP price dips, but trading volume soars
• Mixed signals: neutral sentiment, narrow range
• SEC lawsuit casts shadow, buying pressure persists

The price of Ripple’s XRP token is currently trading at $0.5144, having dipped 1.21% in the past 24 hours. However, trading volume has surged by a significant 62.96% to $772.3 million, reflecting heightened market activity. The daily range for XRP has fluctuated between $0.5075 and $0.5208. Its market capitalization currently stands at $28.44 billion.

On-chain data reveals interesting trends among XRP holders. The cohort holding between 100,000 and 1 million XRP now controls 11.01% of the total circulating supply. Conversely, the holdings of addresses within the 10,000 to 100,000 group have decreased, accounting for 11.27%. The number of active addresses within a 24-hour period reached a peak of 35,000 on May 18th before dipping to 33,100.

This recent decline in active addresses coincides with the ongoing SEC vs Ripple lawsuit. The lawsuit centers around two key issues: potential fines for allegedly selling unregistered securities (XRP) to institutional investors and a potential injunction on Ripple’s On-Demand Liquidit…

The post XRP: Mixed Bag – Price Down, Buying Up? appeared first on Coin Edition.