XRP: Metrics Indicate an Explosive Rally' for the Cryptocurrency
The cryptocurrency market is experiencing slight stability on this Tuesday (11), but Ripple's XRP token is showing signs that it may break away from this sideways movement.
This is because the cryptocurrency has seen an increase in its social dominance, according to the Santiment platform.
Santiment builds this metric based on social data collected from different social media platforms.
In practice, this metric helps In general, when the social dominance of a cryptocurrency increases, it suggests a price recovery.
XRP is currently priced at $0.47 at the time of writing.
XRP Analysis: As seen in the chart, this increase in social dominance is the highest since May, suggesting that XRP prices will likely rise in the short term.
