After several days of declines, the price of Ripple's token (XRP) has significantly increased, linked to the growing positive sentiment in the market and news of adoption in the US.
New Attention to Ripple
A few days ago, US District Judge Analisa Torres denied the joint motion of Ripple and the SEC for a quicker lawsuit resolution, which once again affected the price of XRP. Following this, the token's price dropped by more than 3%.
Community's Positive Reaction
Despite the decline, the community's reaction to the judge's decision was unexpectedly positive. Data from Santiment shows that positive comments about XRP significantly outnumbered negative ones, marking the highest level in over two weeks.
Adoption News for XRP in the US
Today, Ripple (XRP) surged nearly 5%, reaching $2.2. Furthermore, it was reported that Coinme has added XRP support at over 28,000 locations across the country, which may contribute to the price increase.
In summary, the increase in Ripple's (XRP) price is attributed to both the community's response to recent court decisions and the news of expanded token adoption in the US.
