XRP crowd sentiment has deteriorated to its weakest level in three weeks, according to a Santiment Intelligence chart shared on X, putting the token back in what the analytics firm described as a historically relevant “FUD zone.” Santiment said the ratio of positive to negative social media commentary around XRP has dropped to just 1.1 bullish comments for every bearish comment. In the chart, the positive-to-negative sentiment ratio sits near 1.104 on May 25, close to the lower fear threshold marked by Santiment, while XRP’s price line hovered around the mid-$1.30 area. Related Reading: Why Questions Are Being Raised about The XRP Ledger’s 300,000 Milestone “XRP’s crowd sentiment has swung sharply negative again, with the ratio of positive to negative commentary dropping to just 1.1 bullish comments for every 1 bearish comment,” Santiment wrote. “Historically, this kind of fear and skepticism has often acted as a contrarian signal for XRP’s price.” What This Means For XRP Price The poi
The post First ‘Good Buy Signal’ on XRP Since March Flashes: Santiment Intelligence appeared on BitcoinEthereumNews.com.
XRP’s price directions Breaking thourgh isn’t easy As social sentiment around the asset collapses back into what analysts refer to as a historical buy zone, XRP may be nearing a reversal point that can bring volatility back to the top-tier asset. XRP’s price directions The ratio of positive to negative commentary has dropped to just 1.1 bullish comments for every 1 bearish comment, according to new Santiment intelligence, indicating that XRP’s crowd sentiment has sharply declined once more. That degree of pessimism has historically often served as a contrarian signal for XRP’s price movement. The signal’s logic is quite straightforward. Many weak hands have already exited positions when traders on social media become overly fearful. This lessens the immediate selling pressure and can create circumstances in which even slight buying demand leads to stabilization or si
XRP derivatives traders are leaning bullish. Open interest in XRP futures jumped more than 1% in 24 hours to $2.86 billion, with activity climbing on both CME and Binance, signaling that traders with real money on the line are betting on a move up. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder A Familiar Pattern In The Data On-chain analytics firm Santiment flagged a shift in crowd mood on May 26, pointing out that the bullish-to-bearish comment ratio on social media had slipped to 1.1:1. That places sentiment at its most fearful in three weeks, a level that has historically been followed by short-term price stabilization or a bounce. Santiment’s reasoning is straightforward: when fear peaks, weak hands have already exited, and whales or institutions tend to step in and absorb the sell pressure. XRP was trading at $1.33 at the time of reporting, up about 1% from a 24-hour low of $1.32. Volume climbed 5% over the same period, adding some
A crypto analyst has pointed out how Dogecoin might have to hold above $0.1020 to avoid a retest of a Parallel Channel’s lower level. Dogecoin Could Be Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about a support region that Dogecoin is retesting right now. The region in question includes two lines: a simple moving average (SMA) of the daily spot price and the middle level of a Parallel Channel. Related Reading: Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak A Parallel Channel is a pattern from technical analysis (TA) that appears whenever an asset trades between two parallel trendlines. Such channels can be of a few different types depending upon how the trendlines are oriented with respect to the graph axes, but in the context of the current topic, the simplest variant is of interest: one that has its channel parallel to the time-axis. The upper level of a Parallel Channel is assumed to be a source of resistance for the price. Simi
Michael Saylor has confirmed that Bitcoin treasury company Strategy skipped out on Bitcoin accumulation this week, opting to buy bonds instead. Strategy Has Paused Bitcoin Accumulation For Now In a new post on X, Strategy co-founder and chairman Michael Saylor revealed that the company didn’t buy Bitcoin during the past week. This post was the […]
