Blockchain platform Ripple recorded over 25,000 newly created accounts on its platform in March according to reports from XRP1intel.com. The third most popular blockchain platform had a steady volume during this period despite the bearish trend that engulfed the crypto market in the month of March.
Looking at the ledger, a total of 21,298,181 offers was created while 49,981.74 XRP was burnt in fees with a total of 2,533,254 payments made within the blockchain. Crypto exchange Binance and Coinbase were among the top payers presently 111,447 and 989,96 payments respectively.
This data shows that Ripple continues to be one of the major leaders within the blockchain sector despite the COVID-19 virus pandemic.
Ripple Currently the Most Popular Cross Border Payment Blockchain Platform
The blockchain project Ripple has gained a good name in the remittance industry via its collaboration with tons of finicial institution to offer its services.
Its Xrapids solution has been integrated by major banks across the world to facilitate faster and transparent cross border payments transactions. Ripple has also moved to offer its network users more decentralization with its recent publication of a feature that is aimed at improving XRP Ledger privacy.
Newslogical had reported recently that Ripple developers had proposed blinded tags feature that would allow for source and destination tags to be cryptographically scrambled to increase the level of privacy on XRP Ledger.
This would ensure that added security is added to transactions and improve the Ripple Ledger system.
XRP Price Showing Bullish Signs
Ripple native token XRP has shown slow signs of a bullish momentum with the coin presenting steady gains against the US dollar. XRP has risen above the $0.1720 resistance point in recent days with the coin moving towards the $0.180 mark.
At the time of publication, XRP had gained 1.6% to the USD in the last 24 hours and it trades at $0.176424 per unit. The bulls are likely aiming an upside break above the $0.1800 resistance level for a clearer foresight.
There is a key bearish trend line below the 0.1760 mark which could be a blow for XRP price movement. The pair could dip a few points but XRP looks on pace for an extended bullish run.