Global interest in the cryptocurrency XRP is increasing as the anticipated decision from Judge Analisa Torres in the Ripple vs. SEC case approaches. In the past week, there has been a noteworthy rise in search queries related to XRP.
Europe Leads XRP Interest
Search interest in XRP has surged, particularly in Europe, with the Netherlands leading the way at a perfect 100% search volume index. Germany follows closely at 84%, while Switzerland sees a 77% increase, Finland at 73%, and Australia at 66%. This indicates a broad rise in interest in XRP across Western Europe and the Asia-Pacific region.
ETF Speculation Fuels Interest
The spike in search activity is linked to increasing speculation around the potential approval of an XRP ETF. Search queries regarding possible ETF approval timelines increased by 150%. This suggests a growing optimism that institutional investments in XRP could soon materialize.
Price and Volume Reflect Market Confidence
This surge in interest has also translated into market activity. Over the past 24 hours, XRP’s price increased by 4.96%, rising from $2.14 to $2.27, while trading volume jumped nearly 60% to $2.81 billion. These figures indicate strong buying pressure and renewed market enthusiasm for XRP.
The XRP market is approaching a pivotal moment. The sharp rise in global searches, coupled with heightened trading activity and institutional speculation, creates an optimistic outlook. If the court ruling aligns favorably with market expectations, XRP may see key price milestones and potential surprises in the near future.
