XRP is seeing sustained optimism on social media even as sentiment around Bitcoin and Ethereum has turned bearish during the latest market downturn.
Data from crypto analytics firm Santiment shows XRP’s positive-to-negative sentiment ratio has climbed to about 2.2, while Bitcoin remains in bearish territory at around 0.79.
The shift follows a broad sentiment collapse at the end of January, when all three assets briefly fell below a ratio of 1 as prices dropped sharply across the market.
“There remains a strong argument for a short-term relief rally as long as the small trader crowd continues to show disbelief toward cryptocurrency as a whole,”
Santiment said.
Ethereum sentiment has recovered only to a neutral level near 1, which Santiment noted is still weak compared with sentiment seen earlier in January.
Historically, Santiment said crypto markets often move against retail expectations, with extreme fear supporting rebounds while excessive optimism can precede local tops.
At the time of reporting, XRP price was $1.32.