{"id":32260,"date":"2020-11-24T11:03:04","date_gmt":"2020-11-24T09:03:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32260"},"modified":"2025-08-28T07:49:07","modified_gmt":"2025-08-28T04:49:07","slug":"xrp-climbs-about-142-as-ripple-addresses-and-activity-surge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/xrp-climbs-about-142-as-ripple-addresses-and-activity-surge\/","title":{"rendered":"XRP climbs about 142% as Ripple addresses and activity surge"},"content":{"rendered":"<p>Over the past week, Ripple&#8217;s (XRP) token rose 142.3%. The highest level since September 2018 of $0.4974 was surpassed on Sunday, November 22.<\/p>\n<p><!--more--><\/p>\n<p>As of writing, XRP was trading at around $0.70.<\/p>\n<div id=\"attachment_117464\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-117464\" class=\"size-large wp-image-117464\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/XRP-10-1024x520.png\" alt=\"XRP token rose 140% amid growth in addresses and Ripple activity\" width=\"1024\" height=\"520\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/XRP-10-1024x520.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/XRP-10-300x152.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/XRP-10-768x390.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/XRP-10.png 1517w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-117464\" class=\"wp-caption-text\">Daily chart <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BITFINEX%3AXRPUSD\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">XRP\/USD<\/a> on the Bitfinex exchange from TradingView.<\/p>\n<\/div>\n<p>Ripple&#8217;s market capitalization topped $21 billion. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CoinGecko<\/a>, the month-long rise was 171.8%.<\/p>\n<div id=\"attachment_117465\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-117465\" class=\"size-large wp-image-117465\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-363-1024x72.png\" alt=\"XRP token rose 140% amid growth in addresses and Ripple activity\" width=\"1024\" height=\"72\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-363-1024x72.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-363-300x21.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-363-768x54.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-363.png 1292w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-117465\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CoinGecko<\/a>.<\/p>\n<\/div>\n<p>According to Santiment analysts, the likely catalyst for the rally was an increase in daily active addresses. On November 22, the cryptocurrency rose 27% as this metric reached its highest value since May 1 (24,408).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"> <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&#038;ref_src=twsrc%5Etfw\">#Ripple<\/a>\u2018s price skyrocketed +27% today, and the amount of unique addresses transacting on the <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> network in a single day (24,408) was the highest output since May 1st. See what other metrics will foreshadow where price movement is heading from here. <a href=\"https:\/\/t.co\/oHasvM3nJC\">https:\/\/t.co\/oHasvM3nJC<\/a> <a href=\"https:\/\/t.co\/R45tMNn0O1\">pic.twitter.com\/R45tMNn0O1<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1330337380251938816?ref_src=twsrc%5Etfw\">November 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another potential catalyst could have been activity by the developer company Ripple Labs. In its Q3 2020 report it <a href=\"https:\/\/forklog.com\/en\/news\/ripple-buys-xrp-worth-45-55-million-in-q3-2020\">reported purchasing<\/a> XRP worth $45.55 million under a buyback program to support &#8216;healthy markets&#8217;.<\/p>\n<p>In November, Ripple Labs <a href=\"https:\/\/uspto.report\/TM\/90303619\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">filed<\/a> with the United States Patent and Trademark Office for a trademark for a product named Paystring. It is described as a tool for receiving and sending money transfers.<\/p>\n<p>A solution called Hooks, whose launch was announced by project lead developer Wietse Wind, enables execution on the Ethereum smart contracts on the Ripple blockchain and may have influenced trader sentiment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Time to spin up your own local XRP ledger with the Hooks amendment enabled \ud83d\ude09 <\/p>\n<p>After months of discussing, tinkering, designing, discussing some more, building (99% Richard, hats off to him!), testing, etc. it\u2019s super exciting to publish this <a href=\"https:\/\/t.co\/dfOK5KVgy3\">https:\/\/t.co\/dfOK5KVgy3<\/a><\/p>\n<p>\u2014 WietseWind { :  } (@WietseWind) <a href=\"https:\/\/twitter.com\/WietseWind\/status\/1329149230951370757?ref_src=twsrc%5Etfw\">November 18, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ripple Labs <a href=\"https:\/\/coil.com\/p\/XUMM\/XUMM-0-6-0\/b-RSdg2De\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">released<\/a> a new version of the payments app XUMM Wallet.<\/p>\n<p>Positive sentiment across the crypto market may have supported XRP. Bitcoin is currently trading near $18,400.<\/p>\n<div id=\"attachment_117466\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-117466\" class=\"size-large wp-image-117466\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-341-1024x481.png\" alt=\"Hourly BTC\/USD chart on the Bitstamp exchange from TradingView.\" width=\"1024\" height=\"481\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-341-1024x481.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-341-300x141.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-341-768x361.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-341.png 1129w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-117466\" class=\"wp-caption-text\">Hourly BTC\/USD chart on the Bitstamp exchange from TradingView.<\/p>\n<\/div>\n<p>On November 23, Ripple <a href=\"https:\/\/forklog.com\/en\/news\/ripple-opens-vacancy-for-director-of-central-bank-engagement\">opened<\/a> a vacancy for a senior director of central bank engagement as part of regulator-driven digital currency projects.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past week, Ripple&#8217;s (XRP) token rose 142.3%. The highest level since September 2018 of $0.4974 was surpassed on Sunday, November 22.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[112],"class_list":["post-32260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32260"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32260\/revisions"}],"predecessor-version":[{"id":32261,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32260\/revisions\/32261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}