ໄດ້ ຕະຫຼາດ cryptocurrency seems to be gaining steam again, as most of its assets are back to trading in the green zone, including XRP, which has recorded gains in more than one area – social activity and price increase.
Specifically, XRP’s three-month social activity is on the rise, recording 1.95 billion social engagements from 9,424 social contributors as of September 29, 2022, according to the data and chart posted by crypto and ຕະຫຼາດຫຸ້ນ ເວທີສະຫລາດສັງຄົມ Lunar Crush.
As explained in the tweet, these figures represent an increase of 38% in social engagements and 8% in the number of social contributors over the period of three months.
Major growth in three months and on the day
At the same time, the price of XRP has recorded significant increases as well, growing by nearly 59% over the three months leading up to September 30, according to data retrieved from CoinMarketCap.
As things stand, the price of XRP is currently $0.4926, which represents a 12.84% increase on the day, although still a decline of 7.9% across the previous week. Its market cap now amounts to $24.42 billion, making XRP the sixth-largest crypto by this indicator.
That said, the crypto community over at CoinMarketCap is ລົດລົງ on the token’s near future, with votes estimating that the decentralized finance (Defi) token would trade at $0.4166 ພາຍໃນວັນທີ 31 ຕຸລາ 2022, as ນ້ ຳ ມັນ Finbold ລາຍງານ.
XRP – a security or not?
Meanwhile, XRP is entangled in a widely publicized lawsuit that the United States Securities and Exchange Commission (SEC) launched against the token’s issuer, Ripple Labs, accusing it of illegally selling the crypto that the regulator ພິຈາລະນາຄວາມປອດໄພ.
Recently, Ripple’s defense team introduced an argument that the XRP tokens cannot be securities as there were ບໍ່ມີ "ສັນຍາການລົງທຶນ" involved in their issuance, which would give ນັກລົງທຶນ rights and force the issuer to act in their interest.
Court updates reflecting on the price
One of the reasons for the surge in the price of XRP could be the news of both sides requesting a summary judgment in the case, which would allow them to skip the trial phase and allow the judge to make a ruling.
Historically, the court updates on this case had a significant impact on the price of XRP, as well as its volume, according to the ຂໍ້ມູນ shared with Finbold by the ທາງດ້ານການເງິນ ເວທີການວິເຄາະ ການຄົ້ນຄວ້າ Kaiko ໃນເດືອນກັນຍາ 29.
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/xrp-social-activity-soars-to-3-month-high-as-daily-price-rises-13/