PANews reported on November 30 that according to Cointelegraph, XRP prices have risen 232% in the past 30 days, and its on-chain indicators have also shown positive signs of recovery. According to xrpscan data, 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 in November doubled on average (up 100%) from about 12,000 to 25,000 this month. Similarly, the number of new accounts activated on the XRP ledger in November also increased significantly, indicating a large influx of new users on the network.
Analysts believe that the current XRP target price may be between $1.95 and $2.05, but it is worth noting that since November 16, XRP prices and trading volumes have shown an inverse correlation, indicating that XRP is undergoing a distribution phase and market traders may be looking to sell.
