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

The price of XRP has risen by 232% in the past 30 days, and its on-chain indicators also show signs of a positive recovery. Data from xrpscan shows that the number of active accounts or unique senders on the XRP network increased from 15,592 on November 1st to 47,044 on November 16th. The total number of active accounts in November doubled (increased by 100%) from around 12,000 to this month's figure of about 25,000. Similarly, the number of new accounts activated on the XRP ledger in November also significantly increased, indicating a large influx of new users onto the network.

Analysts believe that the current target price for XRP may be between $1.95 and $2.05 USD. However, it should be noted that since November 16th there has been an inverse correlation between XRP's price and trading volume which suggests that XRP is going through a distribution phase where market traders might be looking to sell.