Ripple A job posting posted on the website this week XRP increased negative emotions in its ecosystem. Applicants noted a line stating that the company was a “federal contractor or subcontractor” for the United States government.
The term ‘Federal contractor’ refers to a business or organization currently engaged in a contractual agreement to provide services to any agency of the United States Government.
Ripple is hardly new to working with government agencies around the world. The company has established various CBDC and settlement partnerships with many countries. However, long-running SEC litigation over the past two years has particularly strained the XRP community’s relationship with US regulators.
Therefore, this statement confirming Ripple’s ties to the US government triggered negative emotions within the community.
Santiment’s Weighted Sentiment data tracks social sentiment within a cryptocurrency ecosystem by measuring the number of negative versus negative comments a project receives.
When weighted sentiment falls to negative values, it indicates that most of the discussion surrounding the asset at that time was predominantly negative.
As we reported as Koinfinans.com, the weighted sentiment for XRP shows that it is currently negative. The dominant negative sentiment in the XRP ecosystem indicates that the price is approaching the $0.50 region in the short term.