Global attention to Ripple (XRP) has increased significantly. At least, on the internet. This is evident from recent data from Google Trends. In the past 24 hours, the search engine recorded a significant increase in searches for Ripple. What’s going on?
Increasing interest despite mixed market conditions
The sudden increase in search volume indicates increased public interest, which may be related to recent market developments, price movements or regulatory signals.
According to the published trend chart, interest in XRP remained relatively stable in the days before. However, an upward movement began on Sunday and then accelerated to the high on Monday.
This increase comes at a time when the broader crypto market is under pressure. Major crypto currencies such as Bitcoin (BTC) and Ethereum (ETH) suffered significant losses, partly due to persistent macroeconomic uncertainty. The declines in BTC and ETH may be a reason for investors to explore alternatives such as XRP.
In addition, market data shows that institutional inflows into XRP-related exchange-traded funds (ETFs) have increased recently. This inflow indicates growing interest among professional investors, resulting in increasing assets under management. Earlier today you could read that $1 billion has already flowed in since last month’s launch.
Regulatory signals and technical factors play a role
There are also relevant developments at the legislative level. The American regulator OCC has granted a conditional national trust banking license to Ripple. While this approval does not allow traditional banking operations, it marks an important step in institutional adoption.
Technical analysts note that despite recent price declines, XRP is holding above some key support lines. This is seen by some market participants as an indication of trend continuation, supported by continued interest from the derivatives market and ETF sector.
The spike in search interest underlines that, despite varying market sentiment, XRP remains firmly present in the public and institutional debate surrounding digital assets.
Source: https://newsbit.nl/xrp-krijgt-plots-massale-aandacht-op-google-wat-is-er-aan-de-hand/