{"id":103195,"date":"2023-06-02T04:46:05","date_gmt":"2023-06-02T04:46:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/06\/02\/ripple-surges-in-social-mentions-as-price-trend-decouples-from-other-altcoins-crypto-news\/"},"modified":"2023-06-02T04:46:08","modified_gmt":"2023-06-02T04:46:08","slug":"ripple-surges-in-social-mentions-as-price-trend-decouples-from-other-altcoins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-surges-in-social-mentions-as-price-trend-decouples-from-other-altcoins-crypto-news\/","title":{"rendered":"Ripple surges in social mentions as price trend decouples from other altcoins\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both; display: block; float: none;\"\/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Ripple&#8217;s social volume and dominance recently hit its highest point in over a year.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">XRP&#8217;s price trend showed a strong bullish trend and signs of decoupling from the general market trend.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ripple-launches-platform-for-central-banks-to-issue-digital-currencies\/\" data-wpel-link=\"internal\">Ripple<\/a> (XRP) is currently buzzing with excitement and has become the center of attention, according to new data from Santiment.  The project ignited curiosity.  Interestingly, various important metrics also displayed notable signs of substantial growth.<\/span><\/p>\n<h4><b>Ripple social mentions top the chart<\/b><\/h4>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1663976001637064704?t=fs28D391OynVOM7ZGYsQQw&#038;s=19\" data-wpel-link=\"external\">Santiment&#8217;s<\/a> latest report on May 31 revealed that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ripple-vs-sec-time-for-xrp-traders-to-play-it-safe\/\" data-wpel-link=\"internal\">Ripple<\/a> experienced a remarkable surge in social volume, capturing significant attention in online discussions.  The social volume chart indicated that on May 31, there were nearly 3,000 mentions of XRP. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, the volume remains high, nearing 2,000 mentions.  This current level marked the project&#8217;s highest social volume in over a year, as depicted by the chart.<\/span><\/p>\n<div id=\"attachment_317745\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-317745\" class=\"size-full wp-image-317745\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023.png\" alt=\"Ripple social volume and dominance\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/xrp-11.19.10-01-Jun-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-317745\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Furthermore, Ripple witnessed a notable upswing in social dominance.  On May 31, XRP&#8217;s social dominance exceeded 5%, signifying its prominence in conversations compared to other cryptocurrencies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, as of this writing, the social dominance had nearly doubled, surpassing 9%.  This represented the highest social dominance level XRP had achieved in over a year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These social metrics implied that discussions around XRP accounted for over 9% of crypto-related conversations.  This surge in interest could be attributed to the growing optimism surrounding the ongoing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/as-ripple-case-nears-resolution-xrp-whales-ramp-up-accumulation\/\" data-wpel-link=\"internal\">Ripple vs.  SEC<\/a> The case, which appears to be approaching its conclusion.<\/span><\/p>\n<h3><b>Active addresses and volume spike<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A look at the seven-day and 30-day active addresses metric of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ripple-legal-troubles-no-bar-as-xrp-ledger-grows-in-q1-report-shows\/\" data-wpel-link=\"internal\">XRP<\/a> showed that there had been a significant spike recently.  The 30-day active addresses metric on Santiment showed that there was a spike around March to April before the recent spike. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In those periods, the number of active addresses was around 1 million.  However, there was a sharp decline later in April and better parts of May with less than 300,000 active addresses. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, however, the number of active addresses has picked up.  It was now around 998,000, closer to the range it saw in early April. <\/span><\/p>\n<div id=\"attachment_317746\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-317746\" class=\"size-full wp-image-317746\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ripple active addresses\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-317746\" class=\"size-full wp-image-317746\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023.png\" alt=\"Ripple active addresses\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRP-XRP-11.20.41-01-Jun-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-317746\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Furthermore, the volume also saw a significant spike recently.  As of May 31, the volume was around 2.2 billion, up from the previous region of around 1 billion.  As of this writing, it already had over 1.3 billion.<\/span><\/p>\n<h4><b>Price trends show decoupling<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Based on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" data-wpel-link=\"external\">CoinMarketCap<\/a> data, Ripple experienced a notable increase of over 9% in value over the past month.  This upward trajectory was also reflected in its market capitalization volume, as reported by CoinMarketCap. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, when looking at the daily time frame chart, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ripple-xrp-retail-holders-may-be-gearing-up-for-a-rally-heres-why\/\" data-wpel-link=\"internal\">XRP<\/a> concluded May with a loss and started the new month on a downward trend.  As of this writing, it was trading at around 0.50, representing a loss of nearly 2%.<\/span><\/p>\n<div id=\"attachment_317747\" style=\"width: 1801px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-317747\" class=\"size-full wp-image-317747\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP\/USD price movement\" width=\"1791\" height=\"716\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24.png 1791w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-300x120.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-1024x409.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-768x307.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-1536x614.png 1536w\" data-lazy-sizes=\"(max-width: 1791px) 100vw, 1791px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-317747\" class=\"size-full wp-image-317747\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24.png\" alt=\"XRP\/USD price movement\" width=\"1791\" height=\"716\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24.png 1791w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-300x120.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-1024x409.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-768x307.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/XRPUSD_2023-06-01_10-55-24-1536x614.png 1536w\" sizes=\"auto, (max-width: 1791px) 100vw, 1791px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-317747\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Despite the current downtrend in price, the Relative Strength Index (RSI) indicated a strong bullish trend for XRP.  The RSI reveals that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/ripples-xrp-price-compressed-in-tight-range-is-a-breakout-likely\/\" data-wpel-link=\"internal\">XRP<\/a> had recently moved down from the overbought zone, suggesting a potential correction in price. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Realistic or not, here&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">XRP&#8217;s market cap in BTC<\/a> terms<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Furthermore, the current price trend demonstrated that XRP had deviated from the price trends of other altcoins, indicating a decoupling effect.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, the surge in social volume observed earlier impacted Ripple&#8217;s price trend and other significant metrics.  However, it appeared that a correction was underway, and there was a possibility of further price decline in the coming days.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple&#8217;s social volume and dominance recently hit its highest point in over a year. XRP&#8217;s price trend showed a strong bullish trend and signs of decoupling from the general market trend. Ripple (XRP) is currently buzzing with excitement and has become the center of attention, according to new data from Santiment. The project ignited curiosity. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":103196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-103195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=103195"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103195\/revisions"}],"predecessor-version":[{"id":103197,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103195\/revisions\/103197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/103196"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=103195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=103195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=103195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}