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XRP gains traction over Bitcoin and Ethereum, shows Google Trends data

EditorHari Govind
Published 2023-11-03, 05:32 a/m
© Reuters
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In a surprising turn of events, XRP, a digital currency, is gaining widespread interest across the United States, outpacing both Bitcoin and Ethereum in Google (NASDAQ:GOOGL) Trends data over the past month. Certain regions such as Iowa, West Virginia, Louisiana, Montana, and Delaware have shown high levels of search interest in XRP, indicating its growing appeal.

This surge in interest comes despite Bitcoin recently breaking out to over $34,000 for the first time in 15 months. However, more than 90% of Americans are currently favoring XRP over Ethereum. This trend is not limited to the US alone. Globally, countries like Japan, South Africa, the Philippines, the UK, and Australia are also showing a dominant interest in XRP.

The increased attention towards XRP could potentially lead to a rise in buying activity and investments. This could subsequently provide a boost to its short-term price. Today, even after a recent price decline of 0.74%, XRP stands at $0.607786, marking an overall increase of 10.17% over the past week.

The data suggests that XRP's broad-based appeal might be a significant factor in shaping the future landscape of digital currencies. The growing market for XRP in the US and globally signals a potential shift in cryptocurrency preferences among investors and users alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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