A prominent cryptocurrency analytics firm highlighted XRP’s (CRYPTO: XRP) growing popularity among retail investors on Thursday, contrasting it with Bitcoin’s (CRYPTO: BTC) more institutionally driven rally.
What Happened: In an X post, Glassnode pointed out a significant divergence between XRP’s and Bitcoin’s rally paths.
Since the 2022 cycle low, XRP has seen a 490% increase in active addresses, while Bitcoin has only seen a 10% increase, the research firm said, an indication of “sharp” retail interest.
Glassnode noted that despite similar price gains since the 2022 cycle low, roughly 5x to 6x, the trajectories of the two cryptocurrencies have differed significantly. Bitcoin has shown steady, catalyst-driven growth, while XRP traded flat until a December breakout, driven by short-term retail speculation.
