A recent U.S. judge's ruling to block a proposed settlement between Ripple Labs and the Securities and Exchange Commission (SEC) has sparked strong reactions within the XRP community, contrasting with the waning enthusiasm around Bitcoin and Ethereum.
Court Decision and its Effect on XRP
The court's decision has led to a surge in positive sentiment among the XRP community. Analysis from Santiment indicates that XRP's social sentiment ratio has hit its highest point in 17 days.
Comparison with Bitcoin and Ethereum
While XRP shows a recovery in public sentiment, Bitcoin and Ethereum are experiencing a notable decline in optimism. Bitcoin was valued at $107,380 at the time of publication, with a 0.39% drop over the last 24 hours and a market cap reduced by 0.38% to $2.13 trillion.
Changes in Public Sentiment about XRP
Despite a 4.29% price drop to $2.09, XRP's transaction volume increased by 20.62% in the last 24 hours. This indicates a renewed interest from traders and confirms that legal matters continue to significantly influence investment trends in the digital asset space.
The shifting sentiment around XRP highlights the ongoing impact of legal developments on market movements within the crypto space. The XRP community is actively responding to events while Bitcoin and Ethereum continue to struggle with sentiment.
