- XRP social sentiment has flipped deeply negative, Santiment said.
- Price is sitting on major weekly support near $1.80.
- Failure to hold support opens downside risk to $1.20 and possibly $0.80.
Data from blockchain analysis platform Santiment shows social media discussion about XRP has turned sharply negative. The ratio of negative to positive posts now sits deep in the fear zone.
In past cycles, this level of pessimism comes right before local price bottoms. Retail doubt tends to peak near exhaustion points, not near tops. When sellers run out, price stabilizes first, then reverses.
XRP is seeing far more negative social media commentary than average. Historically, this setup leads to price rises. When retail has doubts about a coin's ability to rise, the rise becomes significantly more likely.
Read The Full Article XRP Socials Turn Negative While Price Holds Critical Ground: What’s Next? On Coin Edition.
Source: https://coinedition.com/xrp-socials-turn-negative-while-price-holds-critical-ground-whats-next/