The internet is buzzing as the search for XRP, the fourth-largest cryptocurrency by market capitalization, hits new levels. In the last seven days, search interest in XRP has surged on Google, peaking at over 100% in the period under review.
Europe leads XRP curiosity surge
The exploding interest in XRP suggests that potential investors are keen on learning about XRP’s performance and prospects in the crypto space. This search cuts across the globe, with European countries leading in interest.
Notably, the Netherlands led with 100%, followed by Germany, with about 84% of crypto-related searches focused on XRP. Other countries with a high interest in XRP were Switzerland, Finland and Australia, with spikes of 77%, 73% and 66%, respectively.
Most searches related to possible approval dates for the XRP exchange-traded fund (ETF), which hit 150%. This development signals high interest in the coin.
Generally, the higher the search interest for an asset, the more likely its price will explode. This is because the search signals growing interest in XRP. It is likely that after getting the information, these potential investors will go ahead and acquire some XRP.
XRP price rises amid search frenzy
As of press time, XRP’s price has registered a 4.96% spike, climbing from $2.14 to $2.27 per data from CoinMarketCap. Investors are actively transacting the coin, pushing trading volume up by a massive 59.9% to $2.81 billion.
XRP has shown resilience in the crypto space, and investors are eagerly waiting for a big breakout from its consolidation toward higher levels. Many anticipate XRP retesting the $3 level once more and stabilizing above it.
The increasing interest in XRP could support the coin’s reclamation of the $3 price mark and possibly soar past it toward $10 in a bullish scenario. Analysts have maintained that if the asset breaks $3 and the ecosystem sustains momentum, XRP’s price action could stun the crypto community soon.
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