What Happened to XRP, Will XRP Rocket Soon? - Kakiforex.com - Financial Market Media No. 1 in the World What Happened to XRP, Will XRP Rocket Soon? What Happened to XRP, Will XRP Rocket Soon?

May 4, 2021

What Happened to XRP, Will XRP Rocket Soon?

 Since the U.S. Securities and Exchange Commission. (SEC) filed a lawsuit against Ripple in late December 2020, a number of investors have expressed their concerns over XRP.

Not content with the event, the Joe Biden administration’s announcement to impose higher taxes on wealthy investors further raised concerns among investors.

Thus this is a measure index called the “Crypto Fear and Greed Index,” a measure used for current sentiment in the crypto market to first move from “Extreme Greed” (79 points) to “Fear” (27) in 1 year.

The measure shows social sentiment related to XRP has declined significantly, reaching its lowest level since March. However, there has been an increase over the last few days. This carries an indication that demand for XRP could rise even higher for the coming weeks. Past data tends to show prices will rise when social perceptions are low.

The XRP supply distribution chart shows that there are indications of purchases that have increased sharply over the last 5 days. Santiment’s analytics platform recorded a significant address jump with millions of dollars in XRP. In other words ‘whales’ have started spying on XRP.

The XRP cryptocurrency has jumped from $ 1.2 per unit to almost $ 1.6 over the past 1 week.