Crypto Mania

Google Trends Shows XRP Surpassing Ethereum in American Interest

Google Trends data reveals that XRP is commanding considerably more attention among Americans than both Ethereum and general cryptocurrency searches. Over the past month, XRP has consistently outshone the competition, claiming a substantial lead in search volume.

XRP’s Stronghold in Search Interest

On October 24, XRP claimed the spotlight, registering its highest search volume on Google in the United States. This surge in search activity mirrors a growing fascination with XRP, underlined by Google’s search data.

Google Trends doesn’t reveal a regional bias, showing that the nation’s interest in XRP is widespread rather than confined to specific pockets. It is clearly seen that over 90% of Americans are keener on XRP compared to Ethereum.

Interestingly, specific regions within the United States have been leading the charge in XRP search volumes. States like Iowa, West Virginia, Louisiana, Montana, and Delaware are at the forefront, consistently surpassing Ethereum in search interest year-to-date (YTD).

Reason Behind XRP Surge

Recent weeks have seen XRP’s price rally to $0.60, marking an impressive 25% increase in just two weeks. This comes on the heels of a record-breaking milestone with 277,620 wallets now holding at least 10,000 XRP tokens, a clear indicator of renewed investor trust.

Furthermore, XRP’s trading volume has surged by 57.66%, reaching a remarkable $2.19 billion in traded token value. XRP is becoming a hub of activity and transactions. It’s a clear indicator of the growing activity and transactions involving XRP.

Ripple’s Q3 2023 Report

Adding to XRP’s rising star status is the latest Q3 2023 report from Ripple, revealing impressive statistics. During this quarter, Ripple successfully sold over 892 million XRP. 

However, it’s worth noting that a significant portion of XRP, approximately 41.3 billion tokens, remains securely locked away in escrow. As XRP continues to captivate the American audience and regain its footing in the cryptocurrency landscape.

Source link