Last week there was a real peak of interest for XRP (Ripple) on social media.
This was reported by LunarCrush, which revealed over 127,000 total mentions on social networks in the last 7 days, with as many as 88,000 bullish, 32,000 neutral and only 7,500 bearish mentions.
Extending the analysis to the last 30 days, and taking into account the so-called “bullish sentiment”, also measured by LunarCrush, it turns out that until November 19th it was relatively stable.
For example, a month ago, with the price at $0.24, bullish sentiment was at 3.2, while on November 19th it had risen to 4.8 with a price of $0.30.
From the following day on, everything started to rise sharply.
XRP price and social media mentions on the rise
The price peaked at $0.73 on November 24th, with bullish sentiment at 11.3. However, the record of the last thirty days was set on Saturday, November 21st, when bullish sentiment had even risen to 19.9, more than four times higher than two days earlier.
It should be noted that November 21st XRP didn’t record the highest price or the highest price increase of the last thirty days.
As already mentioned before, the day in which the maximum price was touched was November 24th, while the day with the highest percentage increase was November 23rd.
However, on November 21st there has been a significant price increase (+43% in a single day), after several months of stability.
In fact, the last time the price of XRP had moved up so much and so quickly was the first of August, with the price rising to $0.29, and bullish sentiment of about 8.
Since then the price had done nothing but fluctuate between $0.22 and $0.32.
Therefore the spike of November 21st came as a surprise for many, despite the fact that in those days many altcoins were increasing in value, and this most likely also generated a significant and sudden increase in bullish sentiment.