Yes โ there are early signs of a new $XRP demand cycle, but it is not fully confirmed yet.
๐ Whale accumulation: Wallets holding at least 1M XRP reportedly increased about 32% over three months, suggesting larger holders have been accumulating during weakness.
๐ Network activity is rising: XRP Ledger daily active addresses reportedly jumped roughly 35% in August, while transaction activity has also surged.
๐ฐ ETF demand is mixed: Recent ETF flows have shown some renewed inflows, but the broader trend remains inconsistent, so institutional demand hasn't yet provided strong confirmation.
โ ๏ธ The missing piece: New-address growth has remained relatively flat. That means existing participants are becoming more active, but fresh users/capital aren't clearly accelerating yet.
Bottom line: $XRP appears to be in an early accumulation/repositioning phase, rather than a confirmed broad-based demand cycle. The strongest confirmation would be rising new addresses + sustained whale accumulation + consistent ETF inflows at the same time.
BTCSurpasses$72000#USJoblessClaimsFallTo206000 #WalmartFalls7% #FASBProposesStablecoinsAsCashEquivalents
๐ Whale accumulation: Wallets holding at least 1M XRP reportedly increased about 32% over three months, suggesting larger holders have been accumulating during weakness.
๐ Network activity is rising: XRP Ledger daily active addresses reportedly jumped roughly 35% in August, while transaction activity has also surged.
๐ฐ ETF demand is mixed: Recent ETF flows have shown some renewed inflows, but the broader trend remains inconsistent, so institutional demand hasn't yet provided strong confirmation.
โ ๏ธ The missing piece: New-address growth has remained relatively flat. That means existing participants are becoming more active, but fresh users/capital aren't clearly accelerating yet.
Bottom line: $XRP appears to be in an early accumulation/repositioning phase, rather than a confirmed broad-based demand cycle. The strongest confirmation would be rising new addresses + sustained whale accumulation + consistent ETF inflows at the same time.
BTCSurpasses$72000#USJoblessClaimsFallTo206000 #WalmartFalls7% #FASBProposesStablecoinsAsCashEquivalents