XRP Sentiment Tanks to Fear: Will Resistance at $2 Abate Price Rebound?
Despite negative social sentiment reaching 'fear' levels, which historically precedes rallies, XRP faces crucial resistance around $2.Summary
Social sentiment for XRP has dropped significantly into the 'fear zone,' a condition that has historically preceded strong price rebounds, according to market intelligence platform Santiment. This occurred as XRP traded below $1.85, down 49% from its seven-year high. Analysts suggest that while retail sentiment is negative, institutional confidence remains, evidenced by consistent inflows into spot ETFs. For a sustained recovery, XRP must break the immediate resistance around $1.92 and overcome the major cluster between $1.96 and $2.00, where significant investor acquisition occurred. A decisive breakout above $2.50 is needed to signal a true trend shift; otherwise, bears may push the price down toward support levels like $1.80, $1.75, or the April low of $1.61.
(Source：Cointelegraph)