XRP Jumps 22%: Record Address Activity & High Crowd Optimism

• Analytics firm Santiment is expecting Bitcoin (BTC) to catch up with the stock market rally
• XRP is enjoying record address activity and high levels of crowd optimism.
• Litecoin (LTC) is seeing an increase in on-chain transaction volume and high whale activity.

Santiment: Bitcoin Could Soon Catch Up With Rallying Stocks

Analytics platform Santiment believes that Bitcoin (BTC) could soon follow the recent strong performance of the S&P 500 as the US government resolves the debt ceiling issue. The S&P 500 has climbed to its highest level in about 10 months, while BTC has fallen behind. Santiment says that there could be some “catch-up time” coming for BTC soon.

XRP Enjoys Record Address Activity and Crowd Optimism

Santiment says that XRP, which is currently ranked sixth by market cap, is experiencing a surge in prices due to historically high address activity and increased crowd optimism. The altcoin’s prices have jumped 22% over the past 19 days, with Santiment noting that XRP’s price will behave differently than other assets for now.

On-Chain Transaction Volume Increases For Litecoin

Additionally, Litecoin (LTC), which has a halving event set for two months from now, saw its market value increase 6.5% in the last 24 hours due to a massive two-year high in on-chain transaction volume and whale activity at its highest levels since January.

Overall, it appears that all three major crypto assets are currently performing well – BTC may be catching up with stocks soon while XRP and LTC both have seen increases in their respective markets due to increased on-chain activity and investor optimism.

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