XRP’s popularity on social networks soars by 38% in three months

According to LunarCrush, by September 29, the engagement rate reached 1,95 billion

30.09.2022 - 11:55

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2 min

What’s new? According to the LunarCrush platform, the popularity of the Ripple (XRP) token has grown by 38% in three months. Thus, by September 29, the engagement rate reached 1,95 billion, and the number of social contributors also showed an 8% increase, surpassing the 9420 mark. The asset’s rate also showed growth during this period, having gained 55,17%, according to crypto exchange Binance.

We are noticing increased $XRP social activity along with its price +9.50% today📈#XRP 3-months activity: Price: $0.4910 +55%Social engagements: 1.95B +38%Social contributors: 9.42K +8%👉Insights: https://t.co/CJ2eQmpKrW pic.twitter.com/Hk5I4VpJP3— LunarCrush (@LunarCrush) September 29, 2022

Ripple situation. At the moment, the lawsuit against the company continues on the claim of the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse said that it will be decided by a judge, not a jury trial, as he has enough evidence to reach a verdict alone. Crypto analyst Ben Armstrong later noted that the blockchain company has a good chance of winning this trial. According to him, the regulator “basically gave up […] trying to prove [the token] XRP is a security.”

On September 29, attorney James Phelan reported that Judge Analisa Torres ordered the SEC to disclose internal documents in the case against Ripple. The XRP token reacted positively to the news, having gained 12% per day. As of September 30, 11:20 UTC, the asset is trading at $0,4826, up by 9,08% in the last 24 hours.

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