By Solomon Odunayo
The positive trend that the price of XRP has been enjoying over the past two days has been boosting every metric in relation to the cryptocurrency.
It has managed to reclaim the 4th position in the market from Polkadot (DOT) and has also received a boost in terms of social media interest.
The most significant at the moment is that XRP is currently the most traded digital asset in the market, according to CryptoCompare.
Read Also: Credible Crypto: To Be Able To Buy XRP between $0.38 and $0.55 Is a Blessing
XRP Receives Notable Boost in Trading Volume
As recently shared by a supposed XRP community member known on Twitter as Panos, the current data on the CryptoCompare indicates that the digital token XRP is leading Bitcoin (BTC) in terms of trading volume.
Captioning a chart from CryptoCompare to support his claim, Panox tweeted, “XRP has surpassed Bitcoin in volume, becoming the most traded crypto asset.”
$XRP has surpassed #Bitcoin in volume, becoming the most traded crypto asset.
Source: https://t.co/xopK6S6gWh (the most accurate website for top tier and real volume) pic.twitter.com/YoeqC0eRoU
— Panos (@panosmek) January 31, 2021
Read Also: XRP Price Has To Break This Key Resistance to Regain Bullish Momentum
XRP Interest on Social Media Attains its Highest Since September 2018
Social media interest in relation to XRP has recently surpassed its 2018 record high. This was shared by the team at Santiment. According to the team, XRP’s social volume metrics were at their highest since 21st September 2018.
At the latter date, XRP surged from $0.32 to $0.77 in a day. The team at Santiment shared their observation via the following statement and accompanying chart.
“XRP broke out to a high of +62% on the day (~$0.47) before retracing back to a now still 5-week high of $0.39. Our social volume metrics note that this gain in interest was the highest since Sep. 21, 2018, when $XRP surged from $0.32 to $0.77 in a day.”
🚀 $XRP broke out to a high of +62% on the day (~$0.47) before retracing back to a now still 5-week high of $0.39. Our social volume metrics note that this gain in interest was the highest since Sep. 21, 2018, when $XRP surged from $0.32 to $0.77 in a day. https://t.co/kFYzGunHkT pic.twitter.com/xnUfZxMYZV
— Santiment (@santimentfeed) January 30, 2021
Read Also: Bitstamp Moves to Halt XRP Trading and Deposits for United States Customers
XRP in the Market
Despite the lethargic price trend displayed by a number of top cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), among others, the digital token XRP has been maintaining its top performance.
At press time, XRP is trading at $0.4423, with a 27% price uptrend in the last 24 hours.
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