Ripple’s native cryptocurrency XRPwhile the general market is in place, has gained all the attention by gaining 45% since March 18.
The rise of the vast majority of investors and crypto experts SEC bases the pricing on a possible decision to come out of his case. While the general expectation is that Ripple will win the legal battle, on-chain data reflects the general negative perception about XRP.
Sensitivity Turned Negative!
According to data shared by blockchain tracker Santiment to Ripple belonging “Heavy Sensitivity” The metric remains negative at -0.60. Although the metric in question remained slightly positive last week, it did not provide continuity.
on-chain The sentiment data measured by the follower measures the perception of a crypto asset on social media. If the sentiment remains negative, it is assumed that the sensational rise expectation in the asset in question decreases. Some investors consider negative data as a “opportunity to buy” as reading.
XRP Network Keeps Growing!
On-chain data revealed a correlation between the rise in XRP price and the network growth rate. According to Santiment, while the number of users joining the Ripple network was 1,000 on March 5, this metric has increased by 300% to 3,360 today.
$XRP It is currently trading at $0.535.
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