Summary
- On-chain data platform Santiment said market pessimism and negative mentions (FUD) surrounding XRP had climbed to their third-highest level in the past two years.
- XRP has fallen more than 60%% over the past nine months, prompting continued retail investor exits, and selling pressure may have been largely exhausted during this stretch.
- Santiment said the current sentiment structure could raise the odds of a short-term relief rally, though the durability of any rebound will depend on additional capital inflows and broader market conditions.
Forecast Trend Report by Period
Market pessimism toward XRP has surged, raising the possibility of a short-term rebound.
On-chain data platform Santiment said on June 13 that negative social-media mentions, or FUD, tied to XRP had climbed to their third-highest level in the past two years. The reading suggests market sentiment has become deeply depressed.
Santiment said prices often move against broad expectations when bullish commentary fades and bearish views spread. Similar episodes of pessimism have previously been followed by short-term rebounds.
XRP has dropped more than 60% over the past nine months, with retail investors continuing to exit. In periods of such extreme pessimism, a significant share of selling pressure may already have been exhausted.
Santiment said the current sentiment setup could raise the odds of a short-term relief rally. It added that the durability of any rebound will depend on additional inflows and broader market conditions.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
