Recently, talks about the XRP token have flooded the crypto community. Unlike any other crypto, the asset amassed a staggering 5.59 million tweets under the hashtag #XRP over the past 24 hours, fueling speculation and excitement among enthusiasts worldwide.
RizXRP, an XRP community influencer, shared a recent screenshot, indicating that XRP has been mentioned in over four million tweets in a 24-hour period. Shortly after this, another community member revealed an updated figure showing that up to 5.59 million tweets have mentioned XRP.
XRP’s Recent Rally
This surge in XRP mentions signals a renewal of investors’ interest. This was triggered by the asset’s recent price increase. This growing interest has further provided support for XRP’s price actions, fueling more demand. As previously reported by The Crypto Basic, XRP has seen persistent gains all week.
Data from CoinMarketCap reveals that XRP has outperformed all other major coins in the top 30 by exhibiting double-digit growth over the past seven days. Specifically, XRP’s value has surged by over 12.22% in the past week, while most top 10 assets, such as Bitcoin (BTC) and Ethereum (ETH), have barely seen a 5% growth.
Additionally, XRP’s recent pump may be attributed to Ripple gaining an upper hand in its ongoing lawsuit as the community expects the highly contested Hinman document to be released soon following a recent court decision.
XRP Witnesses Widespread Support
Notably, XRP has seen some positive developments lately that could have potentially contributed to its frenzy in the crypto community as well as its continued price appreciation.
As recently disclosed by The Crypto Basic, the Chief Revenue Officer of Uphold, a renowned US-based trading platform, recently voiced confidence in XRP’s legitimacy, despite the fact that the token has faced scrutiny from the US SEC.
She emphasized on Uphold’s stringent listing procedures, which included security measures, audits, the credibility of founders, and token distribution; and concluded that XRP efficiently met all the criteria.
Similarly, Fulcrom Finance, a prominent derivative exchange announced its full support for XRP on its platform, as reported by The Crypto Basic, allowing traders to harness the power of leverage and partake in long or short trades on XRP with an impressive leverage ratio of up to 75x.
Ultimately, with the overwhelming Twitter sentiment, impressive price growth, and the backing of Uphold and Fulcrom Finance, XRP is now positioned as a force to be reckoned with in the crypto space.
