Social Media Turns Bearish On XRP: Is This A Buy Signal?

Data shows users on social media are the most bearish toward XRP in six months, a potential setup for a contrarian move in the ￰0￱ Positive/Negative Sentiment Has Plunged Recently According to data from analytics firm Santiment, social media FUD around XRP has seen a spike ￰1￱ indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about how the bullish and bearish sentiments related to the coin compare on the major social media ￰2￱ metric works by first going through posts/messages/threads on these platforms to separate those that contain mentions of the ￰3￱ then puts them through a machine-learning model to divide between positive and negative comments.

Finally, it takes the ratio between the counts of each category to find the net ￰4￱ Reading: Bitcoin Spot Volume Rebounds As Price Hits ATH, But Still Far Below Late-2024 Highs Now, here is the chart shared by Santiment that shows the trend in the Positive/Negative Sentiment for XRP over the past month: As displayed in the above graph, the XRP Positive/Negative Sentiment fell to a low of 0.74 a couple of days back, implying bearish comments were notably outpacing bullish ￰5￱ metric followed up with some recovery, but it lasted only briefly as the latest value has again indicated a dominant negative sentiment, with the ratio standing at ￰6￱ latest wave of FUD around the asset on social media is the strongest since six months ago, when Donald Trump’s tariffs shook the ￰7￱ history is anything to go by, though, the bearish sentiment among retail traders could actually turn out to be a positive for the ￰8￱ assets have often tended to move in a way that goes contrary to the expectations of the ￰9￱ means that when the investors are overly bearish, a bottom can become ￰10￱ that social media users have been fearful toward XRP for two out of the last three days, it’s possible that a contrarian signal could once again be brewing for ￰11￱ now remains to be seen how the asset’s trajectory will look in the coming days, and whether social media sentiment will play a ￰12￱ Reading: Bitcoin, Ethereum Lead Record $5.95 Billion Inflows Into Crypto Funds In the scenario that XRP does rebound from here, a technical challenge could be waiting for it, as explained by analyst Ali Martinez in an X ￰13￱ is visible in the chart shared by Martinez, XRP has potentially been stuck inside a Parallel Channel on the 4-hour timeframe during the last couple of ￰14￱ upper boundary of the channel lies at $3.15, which has proven to be a resistance barrier for the coin in this period.

“A breakout here could trigger a rally to $3.60!” says the ￰15￱ Price At the time of writing, XRP is floating around $2.97, up over 4% in the last seven ￰16￱ image from Dall-E, Santiment. net, charts from ￰17￱