XRP Sentiment Turns Sharply Negative, but Extreme Fear May Signal Rebound
Summary
- On-chain analytics platform Santiment said investor sentiment toward XRP has deteriorated sharply.
- Santiment said past periods of extreme market fear have often served as signals for sharp XRP rebounds.
- Santiment said a large share of selling volume from short-term investors may already have been absorbed, reducing further selling pressure and paving the way for price stabilization or a rebound.
Forecast Trend Report by Period
Investor sentiment toward XRP has deteriorated sharply again, but the surge in fear may itself point to a rebound.
On-chain analytics platform Santiment wrote on X on May 26 that the ratio of positive to negative comments on XRP had fallen to about 1.1 bullish comments for every one bearish comment, indicating weaker sentiment. In the past, periods of extreme market fear like this have often served as signals of sharp rebounds in XRP, the platform said.
Santiment added that when negative sentiment becomes excessive, a large share of selling by short-term investors may already have been absorbed. That could reduce additional selling pressure and lead to price stabilization or a rebound.
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