The post Was the SEC Unintentionally Boosting XRP’s Popularity? Search Trends Crash After Ripple Lawsuit Ends appeared first on Coinpedia Fintech News
The long-standing Ripple vs. SEC lawsuit has officially wrapped up, but there’s a catch—we’re still waiting for the SEC’s official statement. Why the hesitation? In past cases like Kraken and Cumberland, the SEC gave official statements and confirmation, and this one’s no different. According to attorney Fred Rispoli, Ripple should receive an official update within 60 days.
But here’s the million-dollar question—what’s next for XRP’s price? Investors had high hopes for a massive rally, even expecting a $10 surge, considering the emotional rollercoaster of the legal battle. After all, XRP’s price reacted strongly to events like Trump’s election, so wouldn’t this be an even bigger catalyst?
Now, let’s put technical charts aside and dive into an unexpected data point: XRP’s global search interest. It plummeted to a new low of 16, according to Google Trends. To put that in perspective, XRP’s search interest peaked at 100 in January—the exact time of Ripple’s appeal deadline. Interestingly, XRP saw a 5% price rally during that period.
So, here’s a thought: was the SEC unintentionally keeping XRP alive through public attention? The endless social media debates, Gary Gensler’s constant mentions, and top lawyers joining the case all fueled the XRP buzz. Now that the lawsuit is over, the chatter’s died down, and so has the search interest.
Is the SEC’s silence the final nail in the coffin for XRP’s social sentiment? Or is this just the calm before the next wave? Only time—and that much awaited official statement—will tell.