Can Ripple (XRPUSD) Make a Comeback?

March 22, 2021

Can Ripple (XRPUSD) Make a Comeback?

Despite an active SEC lawsuit making the purchase of Ripple (XRPUSD) illegal in the US, the underlying mentions show that Ripple has not left the minds of American investors. The announcement of the lawsuit against Ripple Labs prompted a massive spike in chatter; mention volume has been steadily rising since then: +59% YoY on a 30-day moving average. A favorable update on the ongoing investigation has XRP trading +10% today, but its recent gains are still incredibly modest when compared with other top-10 cryptocurrencies. The total cryptocurrency market cap has nearly tripled since the lawsuit began, and a positive ruling could trigger a large amount of pent-up demand into the coin.

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