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A federal judge rejected Ripple and the proposed regulations of SEC $ 50 million, but the feeling of social media around XRP has become bullish anyway.
The Ripple-Sec regulation was blocked after rejection of the courtyard
THE Ripple-sec box He seemed to go before after the two parties agreed with a reduced regulation of $ 50 million, but the joint request for an indicative decision was now rejected in court.
According to the file shared by the defense lawyer James K. Filian in an X jobThe two are not “approached” to show exceptional circumstances prevailing on the public interest or the administration of justice which would justify the modification of the judgment. This means that the original fine of $ 125 million still represents Ripple.
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After the news, XRP took a lower blow at its price, as the graph below is displayed.
The asset was negotiated about $ 2.15 when the news broke out, but it has since fallen below $ 2.09, which implies a drop of about 3%. Naturally, this reaction is quite soft by the standards of the cryptocurrency sector, but could still suggest a certain sale of panic.
The feeling among the crowd has however experienced a surprising leap, according to social media data.
The XRP feeling on social networks has seen a bullish jump
In a new job On X, the Santiment analysis firm explained how social media users responded to the news of the Caisse in the Ripple-Sec. The santly shared indicator is the “Positive / negative feeling“, Evaluate the relationship between positive and negative comments involving a given part on the main social media platforms.
The indicator separates between posts / threads / positive and negative messages on platforms using an automatic learning model and determines how the counts of the two compare.
Here is a table that shows the latest metric trend for Bitcoin, Ethereum and XRP:
As displayed in the above graph, the positive / negative feeling is currently higher than the brand 1 for these three cryptocurrencies, which indicates that the poles relating to the bullish feeling prevail over the downward feelings.
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For Bitcoin and Ethereum, however, positive comments have only a slight advantage, which means that if optimism exists among the crowd, it is quite soft.
From the table, it is visible that XRP diverged from these assets with a clear point, which brought its positive / negative feeling to a value of 2.1. It is the highest level for cryptocurrency in 17 days and corresponds to more than double of bullish calls than lowering calls.
Often, the feeling of retail acts as a annoying signalWith extreme values in both directions, leading to a kind of price reversal. As such, although this evolution in the mentality of the crowd could potentially imply that investors do not care about the news, the indicator could still be to keep an eye.
Dall-e star image, Santiment.net, TradingView.com graphic