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XRP Network Experiences Massive Increase in Social Activity, Indication of Coming Price Surge
The discussion surrounding the XRP network has increased significantly in the early hours of the new week. This suggests that better days could lie ahead for the token. Social activity on the XRP network has increased massively, according to the analytics platform Santiment. The platform's team reports the largest increase in the rate of discussions about XRP since May. According to Santiment, the price increase could indicate a possible price increase that could outweigh the current negative sentiment surrounding the XRP token in the coming days. In general, when traders increase discussion about an asset while the price has fallen, the likelihood that a price rise will follow increases. …
XRP Network Experiences Massive Increase in Social Activity, Indication of Coming Price Surge
The discussion surrounding the XRP network has increased significantly in the early hours of the new week. This suggests that better days could lie ahead for the token. Social activity on the XRP network has increased massively, according to the analytics platform Santiment. The platform's team reports the largest increase in the rate of discussions about XRP since May.
According to Santiment, the price increase could indicate a possible price increase that could outweigh the current negative sentiment surrounding the XRP token in the coming days. In general, when traders increase discussion about an asset while the price has fallen, the likelihood that a price rise will follow increases. Similar social trends have also been observed in other major cryptocurrencies by market cap, including Bitcoin and Shiba Inu (SHIB), so they too could see bullish price action.
Currently, XRP is trading at $0.4685, down 0.49% in the last 24 hours. Over the past seven days, XRP has seen a loss of 3.17% and over the past month it has seen a decline of 5.39%.
XRP's price rise could depend on other factors besides social trends, including the outcome of the US Securities and Exchange Commission's (SEC) lawsuit against blockchain company Ripple.
Please note that the content of this website should not be considered investment advice. Investing is speculative and involves risks.
Source: Santiment, Coinphony