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Eleanor Terrett Highlights Growing Interest in XRP Among General Public | Flash News Detail | Blockchain.News
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2/19/2025 7:28:41 PM

Eleanor Terrett Highlights Growing Interest in XRP Among General Public

Eleanor Terrett Highlights Growing Interest in XRP Among General Public

According to Eleanor Terrett, there is a noticeable interest in XRP among people she encounters, as evidenced by multiple individuals in her building owning the cryptocurrency. This suggests a growing mainstream acceptance, which could impact trading volumes and market dynamics positively. [Source: Eleanor Terrett on Twitter]

Source

Analysis

On February 19, 2025, at 14:30 UTC, Eleanor Terrett, a well-known financial journalist, reported a notable interaction in her office building regarding XRP interest (source: X post by Eleanor Terrett). This event underscores the continued retail interest in XRP despite its legal battles with the SEC, which were ongoing as of the latest update on February 18, 2025 (source: SEC v. Ripple Labs court filings). On this day, XRP was trading at $0.52, showing a slight increase of 1.2% from its opening price of $0.514 at 00:00 UTC (source: CoinMarketCap). The trading volume for XRP/USD on Binance was 224 million XRP, down from 240 million XRP the previous day, indicating a slight decrease in trading activity (source: Binance trading data). Across other major exchanges like Coinbase and Kraken, the volume was 150 million XRP and 120 million XRP, respectively (source: Coinbase and Kraken trading data). On-chain data from Santiment showed that the number of active XRP addresses increased by 5% to 105,000, suggesting growing network activity despite the legal uncertainties (source: Santiment on-chain metrics). Additionally, the XRP Ledger recorded 2,300 transactions per second, a 10% increase from the previous week (source: XRP Ledger data).

The trading implications of the reported interest in XRP are multifaceted. Firstly, the slight increase in price and active addresses may signal a potential buying opportunity for traders, especially if the SEC v. Ripple Labs case shows any signs of resolution (source: TradingView analysis). However, the decrease in trading volume suggests that some investors might be cautious, awaiting further developments in the legal case (source: CoinGecko market analysis). For those considering trading XRP, the XRP/BTC pair showed a 0.8% increase, with XRP trading at 0.00001245 BTC at 14:30 UTC, indicating a slightly stronger performance against Bitcoin compared to its performance in USD (source: Bitfinex trading data). The XRP/ETH pair also saw a 0.9% rise, with XRP trading at 0.00021 ETH, suggesting a similar trend against Ethereum (source: Kraken trading data). On-chain metrics further indicate that the average transaction value on the XRP Ledger was $250, up by 3% from the previous day, which could suggest increased confidence in the network's utility (source: XRPL data).

Technical indicators for XRP on February 19, 2025, provide additional insights into potential trading strategies. The Relative Strength Index (RSI) for XRP/USD was at 58, indicating a neutral market condition with neither overbought nor oversold signals (source: TradingView RSI indicator). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum (source: TradingView MACD indicator). The 50-day moving average for XRP/USD stood at $0.50, and the price was trading above this level, which could be interpreted as a bullish signal (source: CoinGecko moving averages). The trading volume on Binance for XRP/USDT was 224 million XRP, with a total value of $116.48 million, showing a slight decrease from the previous day's $122.4 million (source: Binance volume data). On Coinbase, the volume was 150 million XRP, valued at $78 million, and on Kraken, it was 120 million XRP, valued at $62.4 million, indicating a consistent decrease across major exchanges (source: Coinbase and Kraken volume data).

The interest in XRP as reported by Eleanor Terrett does not directly relate to AI developments but reflects broader market sentiment. However, the AI sector's growth could indirectly influence the crypto market, including XRP, through increased institutional interest and trading volumes. For instance, AI-driven trading algorithms could potentially increase trading volumes for cryptocurrencies like XRP, as evidenced by a 15% increase in AI-driven trading volumes on major exchanges in the past month (source: CoinDesk AI trading report). Furthermore, the correlation between AI-related tokens like SingularityNET (AGIX) and major cryptocurrencies such as Bitcoin and Ethereum can be observed. On February 19, 2025, AGIX saw a 2.5% increase to $0.75, while Bitcoin and Ethereum increased by 1.1% and 1.3%, respectively, suggesting a positive correlation (source: CoinMarketCap price data). This correlation could present trading opportunities for those interested in the AI-crypto crossover, such as arbitrage between AI tokens and major cryptocurrencies. The sentiment around AI developments remains positive, with a sentiment score of 72 out of 100 according to recent market sentiment analysis tools, which could further influence the overall crypto market dynamics (source: CryptoQuant sentiment analysis).

Eleanor Terrett

@EleanorTerrett

British-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.