XRP Sentiment Deteriorates: Santiment Signals FUD Zone Ahead of Possible Reaction
— NewsBTC
XRP's crowd sentiment has returned to the FUD zone, signaling a potential for recovery.
XRP's crowd sentiment has dropped to its lowest level in three weeks, returning the token to what Santiment describes as a historically relevant 'FUD zone.'
- Santiment reported that the ratio of positive to negative social media comments for XRP has fallen to 1.1, indicating a return to the FUD zone.
- While XRP's price hovers around the $1.30 mark, such fear often sets the stage for price stabilization.
- Santiment emphasized that during periods of extreme fear, weaker investors may have already exited, potentially aiding in future price recovery.
The decline in crowd sentiment may indicate that weaker holders have sold, which could create conditions for price stabilization in the future.