U.Today - XRP's public interest has waned, but some market experts are viewing this as .
According to Google (NASDAQ:GOOGL) Trends, search interest for XRP has dwindled since its peak on July 13, declining to a score of 7 globally and an even sharper drop to 5 in the U.S. as of Sept. 6.
This decline in public interest follows a mixed ruling by the U.S. District Court of the Southern District of New York on July 13, which stated that while Ripple-affiliated XRP token sales on exchanges did not violate federal securities laws, its institutional sales did.
After initially surging to over $0.80 following the ruling, has since receded to $0.505287, according to CoinGecko data.
A buying opportunity?
The drop in isn't necessarily a red flag for investors.Some analysts argue that reduced search interest could indicate that the digital asset is less overpriced due to the absence of "excessive exuberance." As the saying goes, "Buy when it's boring, sell when it's not," a sentiment echoed by several market observers on social media.
The most recent data shows a current market cap of $26.8 billion for XRP. The controversial token has erased virtually all of its value after the court ruling.