Ripple (XRP) becomes trending cryptocurrency

TL;DR

XRP surged in discussion rate, spurred by SEC criticism of its upcoming stablecoin. The asset has been quite popular in recent years due to the ongoing lawsuit between Ripple and the US securities regulator. The top 10 club

Market intelligence platform Santiment presented the top 10 cryptocurrencies that have been involved in the most discussions lately. The first place belongs to the popular privacy token – Monero (XMR) – due to the disclosure that the peer-to-peer (P2P) trading platform LocalMonero stopped operations.

“Monero is being discussed at an abnormally high rate due to the announcement that LocalMonero is ending as governments continue to clamp down on XMR and other privacy-focused assets,” the platform. he stated.

Second place was taken by Ripple’s XRP. The token’s popularity surged after the latest attack manifesto from the US Securities and Exchange Commission (SEC), which labeled the company’s upcoming stablecoin as an “unregistered crypto asset.”

The largest cryptocurrencies by market cap Bitcoin (BTC) and Ethereum (ETH) followed next, while Athena (USDe) rounded out the top 5 list.

SuperVerse (SUPER), Chia (XCH), Kaspa (KAS), IDEX (IDEX) and Celsius Network (CEL) are the other coins included in Santiment’s ranking.

XRP in the spotlight for another reason

The seventh largest cryptocurrency by market capitalization has been a trending topic for many years, mainly due to Ripple’s lawsuit against the SEC, which focuses on its classification.

It often experiences significant volatility following major developments around the case. For example, the price of XRP exploded more than 70% in a matter of hours after Ripple’s first partial court victory in 2023.

The legal dispute entered its trial phase in April this year, with many industry participants expecting a stunning boost to the asset in the event of a decisive victory for the company. Those who want to dive deeper into the details of the lawsuit and its potential impact on XRP, feel free to check out our dedicated video below:

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