Crypto Reporter
Shalini Nagarajan
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Ripple’s native token XRP was trading near $2 on Friday as traders wade through another wave of fear and doubt, with new data from Santiment showing social chatter around the token turning sharply negative after a two month slide of about 31%.
The crypto analytics firm posted a chart from its platform that tracks XRP’s price against total positive and negative comments, along with a combined sentiment line.
Recent readings show social chatter around XRP tilting heavily bearish, a clear shift from the more even mix of views seen earlier in the year.
Santiment’s sentiment gauge tracks price alongside streams of positive and negative comments, and its latest signals show the balance tipping into what it labels the fear zone as bearish messages start to dominate.
Traders Watch For A Repeat Of November’s Reflexive Rebound
On this model, red circles mark days when optimism overwhelms pessimism, the greed zone, while green circles mark sessions when negative commentary swamps bullish talk, a fear zone that often lines up with capitulation by weaker holders.
The firm pointed traders back to late November. It wrote, “The last time we saw near this level of fear from the crowd was Nov. 21st, and $XRP’s price immediately rallied +22% over the next 3 days. After that, greed took over and the rally came to a quick halt. As of now, an opportunity appears to be emerging just like 2 weeks ago.”
Santiment urged followers to keep an eye on the same dashboard, saying, “Monitor how sentiment continues to shift here on this chart, and see what others in crypto can’t.”
The suggestion is that crowd psychology around XRP may once again be setting up a reflexive move, where extreme pessimism creates fuel for a short squeeze.
XRP Extends Losses As Market Drift Pressures Major Altcoins
In price terms, XRP was last down about 4.5% at $2.09, extending a loss of roughly 7% over the past month. The total crypto market value slipped about 1% to $3.22 trillion on the day, a pullback that has weighed on major altcoins even as liquidity remains concentrated in the largest names.
XRP shows relative stability compared with some smaller tokens, although it still feels the drag from thinning order books and cautious positioning. These moves unfold against a backdrop of uncertainty around upcoming US policy decisions, softer global risk appetite and rapid position cuts by leveraged traders who had crowded into earlier rallies.
Analysts watching the token say XRP can still grind toward the $2.50 to $2.75 area if cross border liquidity flows improve and momentum builds around stablecoin projects on the XRP Ledger.
Away from the charts, Ripple has been working to deepen its institutional reach. Last month, the company said it was expanding in the US with the launch of digital asset spot prime brokerage services.
The move follows its acquisition of multi asset prime brokerage firm Hidden Road, which has been folded into Ripple Prime, combining regulatory and operational setups from both groups into a single trading and custody platform for professional clients.
