XRP Sentiment Turns Sharply Negative, but Extreme Fear May Signal Rebound
Suehyeon Lee
Summary
- On-chain analytics platform Santiment said investor sentiment toward XRP has deteriorated sharply, signaling excessive fear in the market.
- It said periods of extreme market fear have often served as signals of a sharp rebound in XRP.
- Santiment said that if much of the selling by short-term investors has already been absorbed and additional selling pressure eases, the price could stabilize or rebound.
Forecast Trend Report by Period
Investor sentiment toward XRP has soured sharply again, with extreme fear potentially signaling a rebound, according to on-chain analytics platform Santiment.
On May 26, Santiment wrote on X that the ratio of positive to negative comments on XRP had slipped to about 1.1 bullish comments for every one bearish comment, indicating weakening sentiment. In the past, periods of extreme market fear have often preceded sharp rebounds in XRP.
Santiment said that when negative sentiment becomes excessive, much of the selling by short-term investors may already have been absorbed. That could reduce additional selling pressure, paving the way for price stability or a rebound.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
