Ripple Soars 5% As Social Sentiment Peaks Even As Bitcoin, Ethereum Sink

Wave XRP/USD was up 5% in the last 24 hours despite a negative day for Bitcoin BTC/USD And Ethereum ETH/USDas news of Commodities and Futures Trading Commission, or file a lawsuit against the CFTC, binance and its CEO changpeng zhao spreads out.

What happened: The XRP network is seeing a surge in popularity, with its social dominance reaching its highest point in over a year. This resulted in XRP climbing above $0.49 for the first time since November 6, 2022. Emotion data tracker.

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The data analytics platform said that increasing crowd recognition for XRP has resulted in greater price volatility, fueled by higher trading volumes and mainstream attention.

At the time of writing, XRP was trading at $0.47. According to LunarCrush data, the trading volume of XRP has increased by 55% in the last 24 hours to reach $2.1 billion.

In the last 24 hours, data from coinglass Turns out that an astonishing $7.65 million worth of XRP was liquidated.

A total of 52,674 traders were liquidated in the last 24 hours, with a total liquidation of $149.92 million.

Price Action: BTC was trading down 3.50% at $26,966. ETH down 3.07% in the last 24 hours to $1,713, According to Benzinga Pro data.

Read further: Bitcoin, Ethereum, Dogecoin Slide After CFTC Lawsuit Against Binance: Analysts Expect Apex Crypto To Touch $30K If Macroeconomics Remain Favorable

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