XRP sentiment on social media has remained comparatively strong regardless of a crypto market droop that has seen Bitcoin fall near $70,000.
Santiment said in an X submit on Wednesday that “XRP is seeing a extra optimistic outlook amongst merchants” on social media as Bitcoin (BTC) and Ethereum (ETH) have “turned extraordinarily bearish” after a serious downswing.
Santiment’s Constructive/Unfavourable sentiment indicator, which measures the ratio of constructive to unfavorable social media mentions for a cryptoasset, exhibits XRP (XRP) has a rating of two.19, 103% greater than Ethereum’s 1.08 and 173% greater than Bitcoin’s 0.80.
Over the previous seven days, the costs of Bitcoin and Ethereum have fallen by 4.97% and 4.92%, respectively, according to CoinMarketCap. XRP has fallen even additional, dropping 6.82% over the identical time-frame.
Swyftx lead analyst Pav Hundal instructed Cointelegraph on Wednesday that XRP holders “put on volatility in another way.”
“XRP doesn’t transfer wildly outdoors the bounds of the remainder of the market,” he stated, arguing that XRP holders have an “unwavering religion” within the asset’s fundamentals, in order that they are usually much less skeptical within the drawdown.
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“The approaching weeks look powerful,” Hundal stated, emphasizing that XRP is “nonetheless down” 35.5% over the previous 30 days.
Santiment argued that the fearful sentiment could result in market upside.
“There stays a robust argument for a short-term aid rally so long as the small dealer crowd continues to point out disbelief towards cryptocurrency as a complete,” Santiment stated.
Various.me’s Crypto Concern & Greed Index, which measures total crypto market sentiment, posted an “excessive worry” rating of 12, the bottom it has recorded since Dec. 16, signaling excessive warning amongst traders.
“Full-blown crypto winter” could also be coming to an finish
Different indicators level to the identical warning, with the CoinMarketCap Altcoin Season Index at the moment in “Bitcoin Season” at 32 out of 100, suggesting traders proceed to favour Bitcoin over riskier cryptocurrencies additional down the curve.
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Bitwise chief funding officer Matt Hougan said in an X submit on Tuesday that “Crypto Twitter” has solely realized that the crypto is in a “full-blown crypto winter.”
“We’ve got been in a crypto winter since January 2025. Likelihood is, we’re nearer to the top than the start,” Hougan stated.
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