The price of XRP has been on the rise this week, and it’s not just a coincidence. Crypto analytics firm Santiment says the XRP Ledger (XRPL) has seen a huge increase in activity, with more new addresses being created and more addresses interacting with the network than they’ve seen since March.
Is It Just Hype?
Santiment says this kind of activity is usually a good sign, but they also warn that there’s often a “fear of missing out” (FOMO) effect at the beginning of these surges, which can lead to a price correction. They’re watching to see if XRP can keep up this level of activity.
Solana Also Looks Strong
Santiment is also bullish on Solana (SOL) in the short term. They say the price has climbed over 33% since July 4th, fueled by a surge in interest after a period of uncertainty. They think SOL could reach $200 soon if the positive momentum continues.
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