Ripple has partnered with the Bank for International Settlements (BIS) following a tie-up with MasterCard. The sentiment around XRP turned bullish following the announcement.
that the company will be partnering with a few blockchain/Web3/payments players, including Ripple, for its CBDC partner program.a topic of discussion in the crypto space as its social metrics rose. As per LunarCrush, XRP’s social engagement and social dominance shot up by 42% and 63%, respectively, in the last seven days.Is XRP awaiting a bull rally?
The rising bullish sentiment meant that investors were expecting XRP’s value to rise. However, things were yet to be reflected on the token’s price chart., XRP was down by more than 1% in the last 24 hours. At the time of writing, it was trading at $0.5201 with a market capitalization of over $27.4 billion.
Nonetheless, a few of the metrics supported the possibility of an uptrend. Notably, whale activity around was high. Alongside, the token’s MVRV Ratio registered an improvement over the last few days. However, its network growth dropped last week.
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