Santiment: The number of active Ripple addresses hit a two-year high

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The number of unique addresses in the Ripple blockchain has exceeded 200,000 for the first time since the beginning of 2020, according to data from the analytical company Santiment.

Despite the decline in the cryptocurrency market, the coinXRP continues to hold its position. On Thursday, June 30, Bitcoin fell back below $18 700, and other major cryptocurrencies followed suit. However, XRP is holding up better than most altcoins, Santiment analysts noted. XRP quotes broke out of the general trend - on the same day, the coin rate rose from $0.30 to $0.33, showing a slight increase.

The XRP price has suffered greatly sinceRipple became embroiled in legal proceedings with the US Securities and Exchange Commission (SEC) in late 2020. The agency accused the company of conducting an unregistered ICO nine years ago and called XRP a security.

Before the SEC lawsuit, XRP was ranked third inmarket capitalization of cryptocurrencies after Bitcoin and Ethereum, and now the coin is in eighth place in the ranking. Despite the protracted legal battle with the regulator, many XRP holders are confident that Ripple has a chance to win against the SEC.

In May, Ripple announced aboutcollaboration with Lithuanian payment platform FINCI to expand the geography of payments using the RippleNet On-Demand Liquidity (ODL) solution in Europe. In part, this also helps to strengthen XRP’s position in the cryptocurrency market. According to CoinShares, investors are eager to gain access to XRP-based products, with $7 million invested in them in early June.