XRP Fear Hits Three-Week High, Santiment Says Rebound May Follow

Investor sentiment surrounding XRP has weakened sharply, with XRP crowd FUD reaching its highest level in three weeks, according to crypto analytics platform Santiment. The firm said the ratio of positive to negative comments on XRP has fallen to around 1.1 bullish comments for every 1 bearish comment, highlighting rising fear among traders.

However, Santiment noted that XRP has historically rebounded strongly after similar spikes in negative sentiment. The platform added that when bearish sentiment reaches extreme levels, much of the selling by short-term holders may already have been absorbed, potentially reducing additional selling pressure and creating conditions for price stabilization or a recovery.

Source: Santiment