#plasma $XPL
Why is the XRP currency leading the list of the most traded currencies today?
Data from the “Santiment” platform reveals the most traded cryptocurrencies on social media and the topics most discussed among traders.
In the platform's latest report, XRP was highlighted as one of the most attractive cryptocurrencies for users, for reasons that go beyond mere market fluctuations.
Why does XRP enjoy all this momentum?
The cryptocurrency market witnessed a strong correction last week that pushed Bitcoin to its lowest level in seven months.
Although XRP declined by 10% weekly, it has maintained relatively stable trading around $2.15, prompting investors to closely monitor its performance.
However, “Santiment” clarified that price volatility is not the main reason for the discussions about XRP, but rather the recent developments in exchange-traded funds (ETFs).
The XRP instant fund launched by “Canary Capital” last week attracted wide interest, being the first American fund to provide full exposure to XRP.
Additionally, “Santiment” noted that the discussions also included the launch of the first options-based XRP fund by “Amplify,” as well as debate over whether exchange-traded funds contribute to the adoption of XRP, or if they are just speculative tools.
Conversations around the potential use of XRP in pension funds and settlement systems have also increased, raising its profile on social media platforms.