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Ripple (XRP) is the top 10 performing crypto asset in the last seven days after gaining more than 21% during the period, according to BeInCrypto data.
According to Lunar Crash data, the positive price performance was corroborated by soaring social metrics. The data aggregator notes that when market and social performance are combined, XRP emerges as the number one ranked digital asset, outperforming all other cryptocurrencies it tracks.
It’s been a great week for $XRP with a 21% rise in price and social metrics all up double digits. Come dive in… — LunarCrush (@LunarCrush) March 25, 2023
XRP Social Mentions Soar
As of the Lunar Crash, XRP’s social volume reached 5,967, while its social engagements totaled 14.9 million over the last 24 hours. Its weekly performance showed that its social engagements rose 105.9% to 245.57 million, and mentions grew 26.4% to 80,720.
During that period, XRP had up to 3,440 unique social contributors per hour for the token. Many of the XRP community are actively pushing the token on social media because they believe that its parent company, Ripple, will win its case against the US SEC.
Ripple’s XRP Social Metrics (Source: Lunar Crush )
Ripple recently filed a new filing for a fair notification defense. The filings refer to Judge Michael Wiles of the US Bankruptcy Court for the Southern District of New York in his ruling on SEC objections in the Voyager bankruptcy case.
SEC Case Affects Prices?
Moreover, crypto projects seem to be winning more and more crypto stakeholders. In a March 21 tweet, Messari founder Ryan Selkis said he considered the SEC’s case against XRP to be redundant. He noted that the project meets market needs, as evidenced by the growing number of accounts in its XRP Ledger.
Meanwhile, there is no certainty when the case will be decided. A recent Fox Business report said the ruling could be very important for the crypto industry.
XRP Outperforms Bitcoin
Over the past week, XRP is up 21%, outperforming other top digital currencies like Bitcoin, Cardano, and Dogecoin, which are up 2.18%, 5.09%, and 0.67%, respectively.
In the last 24 hours alone, XRP’s value increased 3.63% to $0.46, pushing its market cap to $23.6 billion, according to BeInCrypto data.
XRP Price Performance (Source: BeInCrypto)
Meanwhile, XRP Scan data shows that XRP processed an average of over 1 million transactions in the last seven days. During that period, the average network was getting more than 2000 new addresses every day.
Ripple Social Post (XRP) Calls It Surge As Price Reaches 4-Month High appeared first on BeInCrypto.
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