COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: XRP Ledger Reaches New Milestone with Over 5 Million Wallets
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > XRP Ledger Reaches New Milestone with Over 5 Million Wallets
Ripple (XRP)

XRP Ledger Reaches New Milestone with Over 5 Million Wallets

In Brief

  • Over 5 million wallets now hold XRP, reflecting growing interest.

  • Ripple's ongoing SEC lawsuit may influence XRP adoption and price.

  • Potential XRP spot ETF could drive mainstream cryptocurrency adoption.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Ripple Labs introduced the blockchain network XRP Ledger, which has reached a significant milestone. According to blockchain data analysis platform Santiment, there are 5.02 million wallets holding XRP in the ecosystem, reflecting the increasing interest in XRP price over the past few years. So, what is expected for Ripple? Let’s examine together.

Contents
Significant Development in XRP LedgerThe Process Regarding the SEC LawsuitClaims of a Spot XRP ETF

Significant Development in XRP Ledger

XRP, a leading cryptocurrency in the crypto asset market, has been frequently in the news recently due to discussions surrounding a potential spot exchange-traded fund and analysts’ bullish predictions.

Santiment reported in a post on January 27 that the XRP Ledger currently has over 5.02 million individual wallets holding more than 0 XRP. This figure represents the highest number of wallets in the last decade and indicates an increase in XRP’s adoption by investors.

Data shared by Santiment reveals that the number of XRP holders has doubled since February 10, 2021, and tripled since May 29, 2019. This significant increase in XRP adoption demonstrates the cryptocurrency’s growing popularity among investors and enthusiasts.

The Process Regarding the SEC Lawsuit

Various factors could potentially contribute to further adoption of the XRP Ledger. One of these significant factors is the ongoing legal battle between Ripple, the company behind XRP, and the United States Securities and Exchange Commission (SEC) potentially turning in Ripple’s favor.

A recent YouTube video by the crypto analysis channel Discover Crypto described the SEC and Ripple case as a significant uncertainty process that has been fueling concern among investors.

The channel host suggested that even if Ripple were to be fined as part of a settlement, it would likely lead to a significant increase in XRP’s price and adoption. The conclusion of this three-year legal saga could provide the clarity and confidence needed to attract more participants to the XRP ecosystem.

Claims of a Spot XRP ETF

Another potential factor for increased activity on the XRP Ledger could be the launch of a spot exchange-traded fund for XRP. Following the SEC’s approval of Bitcoin spot ETF applications in January, speculations emerged for similar investment products for other cryptocurrencies, including XRP.

However, the possibility of a spot XRP ETF product remains uncertain as certain conditions need to be met. Bloomberg analyst James Seyffart noted that key prerequisites include resolving the SEC and Ripple lawsuit and launching a regulated XRP ETF product on a trading platform. Nonetheless, if realized, a spot XRP ETF product would indicate mainstream adoption of the cryptocurrency and could potentially lead to an influx of investors to the XRP Ledger.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

XRP’s Meteoric Rise Attracts Crypto Enthusiasts Worldwide

XRP Rockets to Third Place with CME’s Launch of Futures Contracts

XRP Overtakes Tether as New Speculations Stir Market Excitement

XRP Defies Odds and Aims Skyward: Essential Catalysts in Action

XRP Defies Market Trends with Surprising Price Surge

COINTURK NEWS 28 January, 2024 - 7:36 pm 28 January, 2024 - 7:36 pm
Share This Article
Facebook Twitter
Share
Previous Article Key Developments in the Crypto Market Last Week
Next Article Bitcoin Savings Wallets Surge to $68 Billion Despite Price Fluctuations
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

FalconX Teams Up with Standard Chartered to Enhance Crypto Services Worldwide
Cryptocurrency News
Cryptocurrency Strategies Captivate Enthusiasts with Bold Predictions
Technical Analysis
XRP Price Surges as New Opportunities Emerge
Technical Analysis
Solana Bounces Back: Unveiling Promising Altcoins and Future Prospects
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?