XRP sentiment on social media has remained relatively robust despite a slump within the crypto market that has seen Bitcoin fall to just about $70,000.
Santiment said in an X post on Wednesday that “XRP is seeing a more bullish outlook amongst traders” on social media as Bitcoin (BTC) and Ethereum (ETH) “turned extremely bearish” after a pointy downturn.
Santiment's Positive/Negative Sentiment Indicator, which measures the ratio of positive to negative social media mentions for a crypto asset, shows that XRP (XRP) has a worth of two.19, 103% higher than Ethereum's value of 1.08 and 173% higher than Bitcoin's value of 0.80.
XRP’s positive/negative sentiment metric is significantly higher than the metric for Bitcoin and Ethereum. Source: Santiment
According to CoinMarketCap, Bitcoin and Ethereum prices have fallen by 4.97% and 4.92%, respectively, over the past seven days. XRP has fallen even further, falling by 6.82% over the identical period.
Swyftx senior analyst Pav Hundal told Cointelegraph on Wednesday that XRP holders “carry volatility in another way.”
“XRP is just not moving much beyond the bounds of the remainder of the market,” he said, arguing that XRP holders have “unwavering confidence” within the asset’s fundamentals and due to this fact are inclined to be less skeptical of the decline.
A brief-term “relief rally” could possibly be on the horizon
“The coming weeks look tough,” Hundal said, emphasizing that XRP is “still down 35.5%” within the last 30 days.
Santiment argued that the fearful sentiment could lead on to an uptrend available in the market.
“There stays a powerful case for a short-term recovery rally so long as the small trader crowd continues to point out disbelief within the cryptocurrency as an entire,” Santiment said.
Alternative.me's Crypto Fear & Greed Index, which measures overall crypto market sentiment, recorded an “extreme fear” rating of 12, the bottom reading since December 16, indicating extreme caution amongst investors.
The “full-blown crypto winter” could also be coming to an end
Other indicators suggest the identical caution: The CoinMarketCap Altcoin Season Index is currently at 32 out of 100 in “Bitcoin Season,” suggesting that investors proceed to favor Bitcoin over riskier cryptocurrencies.
Matt Hougan, Bitwise's chief investment officer, said in an X post on Tuesday that “Crypto Twitter” only realized that the cryptocurrency was in a “full-blown crypto winter.”
“We have been in a crypto winter since January 2025. Chances are we’re closer to the top than the start,” Hougan said.
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