Despite the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> receiving a tough <a href="https://finbold.com/binance-ceo-refuses-to-back-down-amidst-cftcs-damning-allegations/" rel="noopener noreferrer nofollow">blow</a> in the form of the United States Commodity Futures Trading Commission (<a href="https://finbold.com/topic/cftc/" rel="noopener noreferrer nofollow">CFTC</a>) suing the world’s largest <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> platform <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>, the <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP token</a> seems to be doing just fine as its price crossed the $0.49 threshold, followed by a strong increase in social dominance of its network.As it happens, the social dominance of the <a href="https://finbold.com/topic/xrp/" rel="noopener noreferrer nofollow">XRP network</a> has reached its highest point in a year after <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> surpassed the $0.49 psychological threshold for the first time since November 6, according to the <a href="https://twitter.com/santimentfeed/status/1640393320567570432" rel="noopener noreferrer nofollow">data</a> shared by the <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> and social metrics analytics platform <a href="https://finbold.com/guide/best-crypto-data-websites/#Santiment" rel="noopener noreferrer nofollow">Santiment</a> on March 27.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/67c37fdcb1f54e969b4d387a5fe0482e.jpg" />XRP network social dominance. Source: <a href="https://twitter.com/santimentfeed/status/1640393320567570432" rel="noopener noreferrer nofollow">Santiment</a>Indeed, as the chart demonstrates, discussions about the network have hit a 50-week high after the token’s price reached its 21-week high, its social dominance levels demonstrating that nearly 2% of all discussions about <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> relate to XRP.<h2 id="header-0">XRP price analysis</h2>Meanwhile, XRP is changing hands at the price of $0.50, recording a 4.58% increase on the day, adding up to the significant gains of 33.48% across the previous week and 32.97% over the last 30 days, according to the latest data retrieved by Finbold on March 28.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e14ce0b468f149b5ad0c51e208018c88.png" />XRP 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">Finbold</a>It should also be noted that Finbold earlier <a href="https://finbold.com/xrp-targets-0-50-after-bullish-weekly-upside-sprint-whats-next/" rel="noopener noreferrer nofollow">reported</a> on XRP recording a positive momentum from its successes in the ongoing <a href="https://finbold.com/ripple-v-sec-court-case-update-as-of-march-20-2023/" rel="noopener noreferrer nofollow">legal battle</a> between <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a> and the United States Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>), as it was targeting the $0.50 price level it has recently surpassed.Thanks to XRP’s growing traction in recent weeks, 2023 is considered one of the most monumental periods for this <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> in terms of adoption and <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulatory</a> development, indicating the possibility of it being one of the <a href="https://finbold.com/the-next-bitcoin-5-cryptocurrencies-poised-for-massive-growth-in-2023/" rel="noopener noreferrer nofollow">five cryptocurrencies poised for massive growth this year</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

XRP social dominance skyrockets as token price surges to $0.50

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Finbold

Ďalšie články zverejnené 29. 3. 2023

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