Data: The number of XRP active accounts increased by 100% in November

XRP price has risen 232% in the last 30 days and its on-chain indicator is also showing positive signs of recovery, xrpscan data shows that the number of active accounts or unique senders on the XRP network increased from 15,592 on November 1 to 47,044 on November 16. The total number of active accounts doubled on average in November (up 100%) from around 12,000 to 25,000 this month, and likewise the number of new accounts activated on the XRP ledger also increased significantly in November, indicating a large influx of new users on the network.
The analysis believes that the current XRP target price may be between $1.95 and $2.05, but it is important to note that since November 16, XRP price and trading volume have shown an inverse correlation, indicating that XRP is going through a distribution phase and market traders may be looking to sell.