XRP Sentiment Has Collapsed — And That May Be the Setup Bulls Are Waiting For
Despite a collapse in positive sentiment and short-term holder exits, XRP's price setup may favor bulls as long-term holders reduce selling pressure.Summary
XRP's price has recently declined, accompanied by a sharp drop in positive social sentiment to a three-month low, suggesting crowd fatigue. Historically, similar sentiment troughs have preceded rallies of 14% to 17% for XRP. This current dip appears fueled by short-term holders, whose supply share has dropped by over 60% as they exit the market. Conversely, long-term holders are showing conviction by significantly reducing their selling pressure, cutting daily distribution by more than 50%. This divergence suggests that while retail apathy is high, experienced holders are either accumulating or holding steady. For this bullish setup to materialize, XRP needs to hold support at $1.77; clearing resistance at $2.03 would signal the start of a potential upward move toward $2.17.
(Source：BeInCrypto)