XRP Sentiment Hits 2.19, Defying Broader Market Pessimism
Data from analytics platform Santiment reveals a stark divergence in trader sentiment across major cryptocurrencies. While social media discussions around Bitcoin and Ethereum have turned "extremely bearish," sentiment for XRP remains robust. Santiment's Positive/Negative sentiment indicator, which tracks the ratio of positive to negative mentions, shows XRP with a score of 2.19. This is 173% higher than Bitcoin’s score of 0.80 and 103% higher than Ethereum’s 1.08, highlighting a pocket of unusual optimism in an otherwise fearful market.
Optimism Persists Despite XRP's 6.82% Weekly Price Decline
This positive sentiment for XRP stands in direct contrast to its recent price action. Over the past seven days, XRP's price has fallen by 6.82%, a steeper decline than both Bitcoin (-4.97%) and Ethereum (-4.92%). On a 30-day basis, XRP is down 35.5%. Swyftx lead analyst Pav Hundal attributes this disconnect to the asset's dedicated holder base, stating that XRP investors have an "unwavering faith" in its fundamentals and tend to "wear volatility differently" than the rest of the market. This resilience in sentiment, despite underperformance, suggests a community less swayed by short-term price drawdowns.
Extreme Fear Grips Market as Index Hits 12
The divergence in XRP sentiment comes as the broader market shows signs of significant distress. The Crypto Fear & Greed Index registered an "Extreme Fear" score of 12, its lowest reading since December 16. This indicates widespread investor caution. However, Santiment suggests this level of fear could be a contrarian signal, arguing that a "short-term relief rally" is possible as long as small traders remain disbelieving. Reinforcing this cautious tone, the Altcoin Season Index sits at 32 out of 100, showing investors currently prefer the relative safety of Bitcoin over other digital assets.
