XRP Shows Bullish On-Chain Trends Amidst Resilient Web3 Sector Activity
XRP Shows Bullish On-Chain Trends Amidst Resilient Web3 Sector Activity
XRP has displayed promising on-chain developments, including an 8-month high in wallet growth and a reduction in whale selling, suggesting a potential market bottom despite recent price weakness. Meanwhile, the broader Web3 ecosystem, particularly in gaming and decentralized finance (DeFi), maintained robust activity throughout October, even against the backdrop of a general market decline.
XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness.
Despite a dip in active wallets and DeFi losses, blockchain gaming and decentralized finance continued to drive most Web3 activity last month.