XRP price has stalled at the $0.59 range since retreating from the $0.62 area on Jan. 11 amid concerns about Ripple’s affiliation with the U.S. Government.
A job posting on the Ripple website has sparked negative sentiment across the XRP community this week. The revelation came as the applicants discovered a line citing that the company was “a federal contractor or subcontractor” to the United States government.
Federal contractors refer to businesses or organizations currently in a contractual agreement with any department or agency of the United States Government.
Ripple is not alien to working with governments, having entered into several CBDC and settlement partnerships with multiple countries in recent years. However, XRP’s long-drawn-out SEC lawsuit over the last two years has fractured the community’s relationship with U.S. regulators.
Hence, this statement, affirming Ripple’s affiliation with the U.S. government, has triggered negative sentiment within the community.
XRP social sentiment slides to a two-year low
XRP price has stalled at the $0.59 area since discussions surrounding Ripple’s affiliation with the US government spread across the community. But looking beyond the price charts, on-chain data trends reveal that the overall sentiment within the XRP ecosystem has flipped negative.
Santiment’s weighted sentiment metric measures the number of negative comments a project receives against the negatives.
The XRP weighted sentiment slid into negative values, reaching a two-year low of 1.58% on Jan. 14.
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Author: Ibrahim Ajibade
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