According to BeInCrypto data, Ripple (XRP) is the best performing top 10 crypto asset over the last seven days after gaining over 21% during this period.
According to Lunar Crash data, the positive price performance is confirmed by its rising social metrics. The data aggregator notes that when market and social performance are combined, XRP emerged as the number one ranked digital asset, tracking all other cryptocurrencies.
XRP Social Mention Soars
Per Lunar Crash, XRP’s social volume reached 5,967, with 14.9 million social engagements over the past 24 hours. Its weekly performance showed that its social engagement grew by 105.9% to 245.57 million, and mentions grew by 26.4% to 80,720.
During this period, there were 3,440 unique social contributors per hour to tokenize XRP. Many in the XRP community actively pushed the coin on social media as they believed that its parent company Ripple would win its case against the US SEC.
Ripple recently submitted a new filing for its Fair Notice defense. The filing referenced a decision by Judge Michael Wiles of the US Bankruptcy Court for the Southern District of New York in his ruling on the SEC’s objections in the Voyager bankruptcy case.
Is the SEC Case Affecting the Price?
Additionally, the crypto project seems to be winning over more crypto stakeholders. In a tweet dated March 21, Messari founder Ryan Selkis Said He considers the SEC’s case against XRP to be an overreach. He added that the project is meeting market needs, as evidenced by the growing number of accounts on its XRP ledger.
Meanwhile, there is no certainty as to when the matter will be decided. A recent report from Fox Business states that this decision could be significant for the crypto industry.
XRP outperforms bitcoin
During the past week, XRP gained 21%, outperforming other top digital currencies such as bitcoin, cardano, and dogecoin, which gained 2.18%, 5.09%, and 0.67%, respectively.
According to data from BeInCrypto, over the past 24 hours, XRP has gained 3.63% in value to $0.46, taking its market capitalization to $23.6 billion.
Meanwhile, XRP Scan data showed that XRPL processed an average of over 1 million transactions over the past seven days. During this period, the network created an average of over 2000 new addresses per day.
disclaimer
BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.