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XRP prices suppressed due to SEC lawsuit, strong fundamentals driving interest
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Its been a hard year for Ripple, with the cryptocurrency and blockchain company facing legal action from the United States Securities and Exchange Commission along leading to many users and crypto companies in the country breaking their ties with the company. Despite these setbacks, Ripple seems to be more popular than ever, with its daily active addresses recently touching an all-time high.
The ledger has increased the volume of its daily active addresses from about 11.3 thousand daily to the recent peak high at 142.7 thousand, an over 11x increase in activity during this time.
Source: Santiment
Ripple’s active addresses reaching “skyrocket territory” is caused by the “new development being fostered and nurtured by the RippleX portion of the
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