- Ripple’s XRP has entered one of the top spots on the Santiment Emerging Trends Page
- Crypto Twitter activity soars as interest in digital assets rises in 2020.
Ripple’s cryptocurrency XRP, has claimed one of the top spots on the Santiment Emerging Trends Page. Santiment is a cryptocurrency analytics firm tracking a variety of metrics, including social volume.
Santiment’s emerging trend page compiles and displays trending topics in the cryptosphere. Santiment calculates new emerging trends by crawling for the top 10 cryptocurrency-related words every 9 hours, identifying words with a recent surge in volume.
Ripple’s flagship offering, RippleNet, has also seen a surge in adoption in 2020 as coronavirus forces institutions to go digital. Furthermore, XRP liquidity has been reaching new highs as interest in the platform grows.
XRP Price Analysis
Despite XRP’s stagnant price, a significant breakout may be overdue. However, at the current moment, the sentiment is neutral, with the possibility of a substantial move in either direction.
The Relative-Strength-Indicator on the 1D scale prints an RSI above 50. While this would be considered bullish, the RSI has struggled to maintain bullish momentum. As a result, a sustained fall below 50 may result in another short-term bearish phase.
The Moving Average Convergence Divergence (MACD) indicator is still printing a bearish signal but is trending towards a bullish one. The 26-period EMA (yellow) is yet to cross the 12-period EMA (blue), but has recovered slightly and may cross in the next few days. With the MACD indicator close to printing a bullish signal, a large move in either direction is possible for XRP/USD.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer