- XRP saw a price surge, climbing by 3.4% over the last 24 hours to $0.497.
- Fueled by the ongoing SEC vs. Ripple legal battle, XRP takes third in social engagement.
- XRP ranks third in monthly web searches among altcoins.
In an exciting turn of events for XRP enthusiasts, the cryptocurrency has seen a remarkable surge of 3.4% in just 24 hours, reaching a price of $0.497. This upward momentum has caught the crypto community’s attention, but it’s not the only factor driving XRP into the spotlight.
One significant contributor to XRP’s recent surge in popularity is its impressive performance in social engagement. According to LunarCrush, a leading social intelligence platform, XRP has claimed the third position among cryptocurrencies with the highest social engagements in the past month. With a staggering 1.43 billion social engagements over the last 30 days, XRP stands just behind Ethereum (ETH) and Bitcoin (BTC).
Moreover, XRP has also secured its place as the third most searched altcoin globally, with 1.25 million web searches in the past month. This surge in online interest places XRP in the company of crypto giants like Dogecoin (DOGE) and Ethereum, outshining several other well-known altcoins.
The ongoing legal conflict involving Ripple and the US Securities and Exchange Commission (SEC) and Ripple has been a significant catalyst for the substantial increase in social media attention and online search activity surrounding XRP. The SEC’s lawsuit, filed in December 2020, alleged that Ripple sold XRP as an unregistered security. However, a court ruling in July favored Ripple, stating that the cryptocurrency did not violate securities laws when sold on digital exchanges.
While the lawsuit continues to unfold with pending motions and appeals, XRP remains in the spotlight, now ranked as the fifth largest cryptocurrency with a market cap of $26.41 billion.
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