TL;DR
Japan and many other countries
Despite the long-running lawsuit between Ripple and the US Securities and Exchange Commission, Ripple’s native token, XRP, remains one of the trendiest cryptocurrencies. Last year, Ripple’s popularity increased significantly as it won three important (yet partial) court victories against its opponents.
According to the latest trends, XRP is Beyond Ethereum (ETH) in Google searches in specific countries (in the past month) Japan, Philippines, and South Africa are the top three countries where Ripple’s coin has shrunk. Finland, Malaysia, and Indonesia have also seen more modest increases in XRP searches.
Ethereum remains popular in some major European economies, including France, Sweden, Spain, Germany, Switzerland, and more.
A few months ago, Solana briefly turned over ETH in Google search. This trend coincides with a surge in the price of SOL, which soared by about 1,000% from the beginning of last year to New Year’s Eve.
Can XRP evolve further?
Some might argue that Ripple’s coin could become even more popular if its price explodes in the coming months. There are many analysts in the cryptocurrency industry who have recently predicted a huge rise in the value of cryptocurrencies.
Several key factors and future developments suggest such a rise is not out of the cards. Perhaps the most obvious is the outcome of the litigation between Ripple and the SEC, which is nearing a major trial (It is scheduled April 23).
A decisive victory for the company could cause great excitement and trigger a bull run for XRP and the market as a whole. On the other hand, the opposite scenario could halt industry progress.
Bitcoin halving is also worth mentioning. This event occurs approximately every 4 years and slows down the rate at which new he BTC is mined. Historically, this could be followed by a major crypto bull run, which could have a positive impact on XRP price.
If you would like to explore additional factors that may play a role, feel free to watch the dedicated video below.
