How XRP created a ‘Ripple’ in the market with its latest price surge

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XRP prices surge due to social dominance and address activity. Mixed indicators, including a decline in sentiment and activity, suggest an uncertain future for XRP going forward. Ripple [XRP], the third-largest cryptocurrency by market capitalization, witnessed a surge in prices over the last 24 hours, according to an 11 January tweet by Santiment. The spike, […]

within the crypto community. The weighted sentiment towards XRP observed a spike temporarily on 5 January, but continued to decline after 7 January.

The current negative weighted sentiment implied that the crypto community still had a negative outlook toward XRP.increased from 27,228 to 148,000 in the last month. However, daily activity on the network could soon decline as the velocity of XRP fell. This indicated that the frequency with which XRP was being exchanged amongst addresses decreased over the last week.Another bearish indicator was the fact that the number of new accounts created on XRP decreased, according to data from XRPSCAN.

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