- Santiment reports that XRP non-empty wallets rose 28% in the last 2 years.
- Ethereum non-empty wallets rose 47% while USDT non-empty wallets rose 66%.
- XRP is currently retesting lower $2 price levels amid a broader market sell-off.
XRP adoption has not matched earlier forecasts, but its price has soared in recent months placing it among the world’s top digital assets. Meanwhile, Bitcoin (BTC), Ether (ETH), and Tether (USDT) maintain higher adoption figures.
According to data shared by blockchain analysis platform Santiment in a post on X (formerly Twitter), in the past 2 years, investors have seen a substantial increase in the number of non-empty wallets for crypto’s top 4 coins. Santiment recorded 54.7 million Bitcoin non-empty wallets along with 134.9 million Ethereum non-empty wallets alongside 6.57 million USDT non-empty wallets and 5.75 million non-empty XRP wallets.
Read also: XRP Price Outlook for 2025: Will XRP Surge to New Highs on the Bullish Wave?
It is worth noting that in the past 2 years, the non-empty wallets for Bitcoin rose 27%, for Ethereum rose 47%, for USDT rose 66%, and for XRP rose only 28%. Compared to its major rival ETH, the cryptocurrency has struggled to attract the majority of investors.
A major reason behind this lagging adoption could be the ongoing lawsuit between American fintech firm Ripple and the United States Securities and Exchange Commission (SEC). Additionally, the demand for both Bitcoin and Ether exploded after the debut of their spot exchange-traded funds in the US earlier this year. XRP has yet to see a similar product debut in the market.
However, with the potential appointment of Paul Atkins as the upcoming SEC Chair and the possibility of a broader pro-crypto administration, the Ripple vs. SEC lawsuit could end sometime in the next year.
XRP Price Analysis
As per the data provided by CoinMarketCap, XRP has crashed almost 9% in the last seven days but is still up a massive 42% in the last 30 days and 255.91% since December last year. The cryptocurrency has hit multi-year highs this year and has a market cap of $125 billion.
The Relative Strength Index (RSI) for the XRP price action reads a value of 51.86, which means that the bulls are now losing control, and the gradient of the line suggests that lower prices could be seen in the near future. But, if prices hold above $2, a move towards $2.5 is likely.
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