TL;DR
- Google Trends data shows that XRP is more popular than ethereum in 47 US states, with the greatest interest coming from Delaware, Nevada, Louisiana, Arizona, and Hawaii.
- XRP price fluctuations throughout 2023 have been influenced by the ongoing lawsuit between Ripple and the US SEC, with Ripple’s partial victories in court contributing to a positive trend.
- Predicting the future value of crypto market.
Americans are interested in Ripple (XRP)
Ripple’s native token, XRP, seems to be a very intriguing topic for many Americans. According to data from Google Trends, residents of 47 states have ethereum,Cryptocurrency,Ripple&hl=en” data-wpel-link=”external” target=”_blank”>unfolded greater interest in the asset than ethereum (eth).
Delaware, Nevada, Louisiana, Arizona and Hawaii are the regions where XRP is most popular. On the other hand, Vermont, New York, Oregon and the District of Columbia are the only areas where ethereum has surpassed the Ripple currency.
The price of XRP has seen numerous ups and downs since the beginning of 2023, experiencing a major uptrend in the second half of the year. The positive performance could be a result of developments surrounding the lawsuit between Ripple and the US SEC, specifically the three partial victories the blockchain company has won so far.
The outcome of the legal battle, which has continued since December 2020, is expected to be revealed in spring 2024 during a large trial. Several analysts and experts have predicted that a decisive victory for Ripple could fuel a new jump for XRP.
Some of the XRP forecasts
Popular X (Twitter) user CrediBULL argued that the asset’s valuation could rise to around $0.90 in the summer of next year.
While such a prediction sounds somewhat realistic, other analysts, such as Shannon Thorp, have predicted astronomical increases. He surmised that XRP could explode to $500 in the coming years.
It is worth mentioning that the market capitalization of the coin would need to increase to over $250 trillion for this to happen. By comparison, the sector’s total market capitalization was “only” $3 trillion in 2021, when many digital assets, including bitcoin (btc), hit all-time highs.
Those curious to see how high XRP could soar in the remaining months of the current year can watch the video below:
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures for the first month (terms).
<!– ai CONTENT END 1 –>
