Ripple (XRP) Price Becomes Risky After Its Connection with the US Government!

A job posting on the Ripple website has increased negative sentiment in the XRP ecosystem this week. The applicants pointed to a line stating that the company was a "federal contractor or subcontractor" for the United States government.

The term 'federal contractor' refers to a business or organization that is currently in a contractual agreement to provide services to any agency of the United States Government.

Ripple is hardly new to working with government agencies around the world. The company has established several CBDC and settlement partnerships with many countries. However, the protracted SEC litigation over the past two years has particularly strained the XRP community's relationship with U.S. regulators.

Therefore, this statement, which confirmed Ripple's ties to the US government, triggered negative sentiment within the community.

Santiment's Weighted Sentiment data tracks social sentiment in a cryptocurrency ecosystem by measuring the number of negative reviews a project receives versus negatives.

When weighted sentiment drops to negative values, it indicates that most of the controversy surrounding the presence at that time was predominantly negative.

As we reported Koinfinans.com, the weighted sentiment in XRP shows that it is currently negative. The dominant negative sentiment in the XRP ecosystem suggests that the price is approaching the $0.50 zone in the short term.

.entry__sponsor { color:#323232; Font- padding:1.4rem 10px; box-shadow: rgba(0,0,0,.18) 0 2px 4px; margin:10px 10px 10px 0; font-size:0.8rem; line-height:1.2; }