Ripple explodes on social media and XRP follows course

Ripple (XRP) is currently very popular again within the crypto industry, according to the data from Santiment. Especially on social media, Ripple seems to be doing well at the moment. This may be due to the expectation that the project’s lawsuit against the US Securities and Exchange Commission (SEC) is coming to an end.

The Ripple lawsuit

If you’ve been in the industry for a while, you’ve undoubtedly heard about Ripple’s lawsuit against the SEC since 2020. The lawsuit was initiated by the SEC, because the body believes that Ripple organized an illegal securities issue with the sale of XRP.

As a company, you cannot simply market a financial instrument such as a share and sell it to the general public. According to the SEC, Ripple has done that, which means that the company may now be in serious trouble.

If the SEC wins in court, it will likely mean the end of XRP on some of the major exchanges. Now the project is gaining momentum and social media attention, so it seems the market expects Ripple to have a strong chance of winning the case against the SEC.

The XRP price

The XRP price is up more than 2 percent today, resulting in a price of $ 0.5176 per token. Measured over the entire week, the project is even at a plus of 11.35 percent and is one of the best performing projects at the moment. Where bitcoin (BTC) and ethereum (ETH) have been struggling for a while bullish to be, XRP’s price is decoupling somewhat.Ripple active addresses

The number of active addresses on the XRP Ledger is also doing well, according to the data from Santiment. That number is now at 998,000, putting it pretty close to the range it was in from late March to mid-April.

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