- XRP-related Google searches have steadily declined, with a worldwide score of 7.
- A decline to $0.43 is anticipated if the price is able to break below the $0.49 support.
Prominent crypto statistics provider Kaiko recently highlighted the XRP’s current trading volume of $779 million. The figure is up from $462 million trading volume in August. This last month figure is notable since it is four times more than the volume of transactions for the second cryptocurrency on the list. This recognition from Kaiko highlights XRP’s distinguishing features and strong backing from investors and community alike.
After blockchain-based network LBRY, submitted a notice of appeal to the United States SEC, the XRP community flocked to the network’s defense. The recent surprise decision by LBRY to appeal the final ruling in favor of the U.S. SEC in July caused widespread excitement among cryptocurrency investors.
Bear Dominance
Interest in XRP among the general public has declined, but some market analysts see this as a potential purchasing opportunity. Since reaching a high point on July 13, XRP-related Google searches have steadily declined, with a worldwide score of 7 as of September 6 and a score of 5 in the United States.
At the time of writing XRP is trading at $0.5026, up 0.88% in the last 24 hours as per data from CMC. Since the beginning of this month, the price has been consolidating. The price of XRP has fallen significantly after it spiked sharply upon the historical verdict in July.
A further decline to $0.43 is anticipated if the price is able to break below the critical $0.49 support level. If the price is able to rise beyond $0.55, however, a further upswing to $0.60 is likely possible.
