{"id":554666,"date":"2023-10-09T20:00:24","date_gmt":"2023-10-09T20:00:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554666"},"modified":"2024-06-11T08:02:06","modified_gmt":"2024-06-11T08:02:06","slug":"xrp-price-rally-not-over-yet","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-rally-not-over-yet\/","title":{"rendered":"These Bullish Factors Prove XRP Price Rally Is Not Over Yet"},"content":{"rendered":"
The XRP price has retraced a good portion of its gains following its surge above $0.54 last week<\/a>. Naturally, this could signal that the end is in sight for an XRP rally<\/a> but this is not necessarily the case when you look at the altcoin\u2019s metrics and performance even amid its price decline.<\/p>\n The XRP daily transaction count first skyrocketed above 1 million back in July when Judge Analisa Torres ruled<\/a> that programmatic XRP sales<\/a> did not constitute investment contracts. The XRP price had rallied more than 60% as a result of this and daily transaction counts shot up as well.<\/p>\n By the time August rolled around, XRP\u2019s daily transaction counts had surpassed that of Bitcoin and Ethereum<\/a>, and the network has not slowed down since. Looking at data<\/a> from BitInfoCharts, XRP is still maintaining its more than 1 million transactions per day numbers.<\/p>\n <\/p>\n Since the start of October, the altcoin\u2019s daily transaction figures have also come out consistently above that of Bitcoin<\/a> and Ethereum<\/a>, showing that interest in the network has not diminished.<\/p>\n As transaction counts have been on the high side, block production on the XRP Ledger<\/a> also shows active participation from users. Late last week, the blockchain marked its 83 millionth block.<\/p>\nXRP Daily Transaction Count Remains Above 1 Million<\/h2>\n
Daily transaction count remains above 1 million | Source: BitInfoCharts<\/pre>\n
XRP Ledger Crosses 83 Million Blocks<\/h2>\n