- XRP’s Google Trends score peaked at a record high.
- Ripple’s RLUSD stablecoin and potential ETFs show optimism despite XRP’s recent price decline.
As Bitcoin [BTC] dominates headlines with its record-breaking surge to $107,000, another cryptocurrency is also making waves in the digital asset space.
Ripple’s XRP has seen unprecedented interest, with its search popularity reaching a perfect score of 100 on Google Trends. This marked a new all-time high (ATH), showcasing the growing curiosity and attention around the altcoin.
What do Google Trends reveal about XRP?
For context, Google Trends has emerged as a vital metric across industries, including cryptocurrency, reflecting public interest in real time.
From 1st to 7th December, XRP’s score surged to a remarkable 100. This marked a significant leap from its previous week’s score of just 42. Moreover, this spike coincided with XRP’s price increase following the U.S. presidential elections, capturing the public’s attention.
Meanwhile, Bitcoin’s rally above $100,000 earned it a score of 75, while Ethereum [ETH] lagged with a modest score of 22.
That being said, XRP recently garnered significant attention following its impressive rally that pushed its price near $3.
This led to the altcoin briefly increasing its market cap above $150 billion, securing its position as the third-largest cryptocurrency globally.
Despite this remarkable surge, a closer look at Google Trends data reveals a sharp decline in public interest. Notably, XRP’s score plummeted from a peak of 100 to just 47 at press time.
This steep drop aligns with the coin’s price stabilization, suggesting that the heightened interest was primarily driven by the rally rather than sustained market enthusiasm.
Additionally, XRP’s recent dip to $2.57, also reflected a 3.62% decline over 24 hours as per CoinMarketCap.
Yet, the optimism surrounding the token remains robust due to favorable developments, such as the planned launch of the RLUSD stablecoin, which has sparked significant attention.
Furthermore, the ongoing discussions around the potential release of Ripple-affiliated ETFs continue to sustain market enthusiasm, positioning XRP as a cryptocurrency to watch in the evolving digital asset landscape.
