XRP Strengthens Under The Weight Of Heavy FUD And Loss-Selling, What This Means For Price

XRP has shown remarkable resilience after a turbulent event that saw over $19 billion wiped out from the crypto ￰0￱ token, which had fallen below $1.90 just ten days ago, is now showing signs of strength and looking like it’s going to break past $2.50 anytime ￰1￱ rebound comes amid an atmosphere of widespread fear, uncertainty, and doubt (FUD) across the ￰2￱ the shaky sentiment, on-chain data suggests that this is a buy signal for ￰3￱ Rebounds Strongly After Market Capitulation Santiment’s latest data reveals that XRP’s recovery from its flash crash lows around $1.90 to $2.20, and then towards $2.50, has unfolded in tandem with one of the most intense waves of negative sentiment recorded this year.

Notably, the platform’s crowd sentiment ratio reached its lowest level since January, reflecting the extreme point of pessimism among ￰4￱ Reading: XRP Price Is Trapped Under A Bearish Structure, What Happens If It Doesn’t Break $2.5 This extreme pessimism was a result of the XRP price crashing alongside many other ￰5￱ and macroeconomic events, particularly the US tariff announcement on China, caused many XRP holders to sell at a loss under intense Fear, Uncertainty, and Doubt (FUD). This, in turn, caused the crowd sentiment to tank ￰6￱ from the on-chain analytics platform Santiment shows that the ratio of positive versus negative comments surrounding XRP fell to 1.856, its lowest point since late January ￰7￱ chart from Santiment illustrates how this ratio has been deteriorating steadily since ￰8￱ dropped from 1.93 on September 19 to 1.44 by October 1 before plunging to 1.01 on October 8 and staying around that level for nearly a ￰9￱ sustained period of pessimism shows shaken confidence among XRP traders during the recent price volatility.

However, there are early signs of ￰10￱ sentiment ratio has begun to recover slightly, rising to 1.35 at the time of ￰11￱ means that some optimism is returning now that XRP is trying to reclaim $2.5. What This Means For XRP’s Next Move XRP’s ability to rebound under such heavy FUD suggests the asset may be entering a stronger accumulation ￰12￱ to Santiment, the low ratio of positive to negative comments is typically a buy signal, especially for traders who have been looking to accumulate at lower ￰13￱ noted this by saying that “prices typically move opposite to retail’s expectations.” Related Reading: The XRP Price Roadmap To $8: How An Over 50% Bounce Could Materialize If XRP manages to maintain its position above $2.50, it could be interpreted as confirmation of renewed bullish ￰14￱ here, the next price targets would be earlier support levels at $2.72 and $2.80 in the short ￰15￱ bullish momentum would see XRP extend the rally and break above $3.

At the time of writing, XRP is trading at $2.4, down by 1% in the past 24 ￰16￱ image from Pxfuel, chart from ￰17￱