XRP is about to reach an important milestone, analysts are optimistic about its potential upward trend

According to CryptoPotato, XRP is on the verge of an important milestone, indicating that it is gradually being adopted and attracting investor attention. Analysts' optimistic expectations for XRP suggest that it may break through key resistance levels and achieve price increases.

Based on data from XRPL Services, the total amount of XRP tokens in accounts is close to 60 billion (equivalent to over 37 billion US dollars at the current exchange rate), accounting for approximately 60% of the total supply of this asset. There are 1595 addresses with zero balances, meaning these XRP are distributed among fewer than 5.1 million accounts. It is worth noting that earlier this year, the number of XRP accounts had just surpassed the 5 million mark. In addition, there has been a rebound in both the volume of XRP payments between accounts and the number of newly activated accounts. However, executed transactions and average transaction numbers per ledger still remain far below peak levels.

The increase in XRP adoption rates could enhance its liquidity, allowing large transactions to take place without significant impact on valuation. This could also improve the cryptocurrency's reputation among the public. These factors may attract more retail and institutional investors, leading to price increases.

Many analysts remain optimistic about the coming months for XRP. Recently, user Dark Defender observed certain indicators such as MACD (Moving Average Convergence/Divergence) and Ichimoku predicting that by early April, XRP's price might exceed $1. Alex Cobb also stated that if XRP can break through key resistance at $0.63, it could potentially reach new all-time highs in the future.