XRP has taken the spotlight in the crypto space following a U.S. judge’s decision to block a proposed $50 million settlement between Ripple Labs and the Securities and Exchange Commission. This unexpected legal twist has ignited a wave of bullish sentiment across the XRP community, in contrast to the cooling enthusiasm seen around Bitcoin and Ethereum.
Fresh analysis from Santiment shows XRP’s social sentiment ratio has reached its highest point in 17 days. The three months of the point in question presented 2.1 bullish out of 1 bearish mentions.
Fueled by the court ruling against the settlement, the surge in online positivity has restored confidence among supporters who may have grown weary of the prolonged legal battle.
Source: sentiment
Also Read: U.S. Government Could Seize Ripple’s 37B XRP Escrow After Court Ruling
Bitcoin and Ethereum have enjoyed a significant decline in optimistic sentiment since the end of May, though, and this trend has continued in the following weeks. The sentiment ratio of the two most popular cryptocurrencies has been constantly growing: it is negative, and the attitude is apprehensive.
This is offset by the fact that both assets are experiencing volatility and have lowered market activity.
At the time of the press, Bitcoin had a value of 107,380 dollars, with a loss of 0.39 percent in the last 24 hours. Its market cap dropped to 0.38 percent or $2.13 trillion. Besides, the 24-hour trading volume declined by 17.48 percent to 42.67 billion dollars, indicating deteriorating activity.
XRP Sees Strong Community Buzz Despite Price Setback
Ethereum recorded similar trends, closing the day at $2,446 after a 1.49 percent drop. Its market cap dropped by 1.51 percent to $295.27 billion, and trading volume decreased 13.69 percent to $16.77 billion, showing declining activity.
XRP lost 4.29 percent in price to reach $2.09, but the volume of transactions amplified by 20.62 percent in the last 24 hours to reach 3.18 billion dollars. The market capitalization declined by 4.34 percent to 123.61 billion.
However, the increase in volatility indicates a revival of interest among traders after the court decision.
The stalled transaction has become a catalyst place among Ripple admirers, generating more talk and raising more interest in the token. XRP has been attracting market attention at a time when other key cryptocurrencies are experiencing low momentum.
These changes in XRP’s sentiment will indicate that legal matters still impact investing movements and trends within the digital asset world.
Also Read: GOR Token Surges in Solana Rankings as Traders Eye Major Bullish Breakout
