tl; dr
- After several days of price slides in a row, Ripple’s native token finally posted an impressive turnover on daily scale, earning nearly 5%.
- This is in news of bullish sentiment among participants and adoption in the US.
A few days ago, US District Judge Annalisa Torres hit Ripple and the SEC, again denying the joint move to seek a swift resolution of the lawsuit. In response, XRP prices fell by more than 3%.
That price drop may have been expected, but what’s even more surprising was the community response as the lawsuit technically continues a few months after Ripple CEO Brad Garlinghouse announced it had effectively ended.
Data shared by Santiment revealed that the crowd was quite bullish against XRP following Judge Torres’ decision. Additionally, XRP outperformed BTC and ETH with this metric.
But now, the sentiment seems to be rewarded as Ripple’s cross-border tokens have skyrocketed by nearly 5% in the last 24 hours, tapping $2.2 for the first time in a few days. Additionally, XRP is the top performer of the 50 largest altcoin, marking greater profits than ETH and BTC. Both are on the same level as yesterday.
Another possible reason behind the impressive benefits of tokens today is adoption news from the US. As recently reported, Coinme added XRP to more than 28,000 locations in the country where people can buy and sell assets with cash.
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