Besides Bitcoin, XRP was the altcoin that benefited the most from Donald Trump's presidential victory.
XRP, which experienced a significant rise in a short period, reached a peak of $3.6 in July. However, after that, XRP also experienced a rapid decline, falling below $2 in the recent drop.
Amid the uncertainty in XRP, the crypto analysis platform Santiment noted that the sentiment towards XRP in the market is rapidly declining.
According to Santiment, XRP has fallen by more than 31% in the last two months and has entered the fear zone again earlier this month.
According to Santiment, this situation could be an opportunity for XRP. Santiment added that there could be an opportunity arising now, referencing historical data where a 22% increase occurred within three days after the same level of fear.
XRP's price has dropped by -31% in the last 2 months. Additionally, unlike Bitcoin, XRP has been experiencing the most fear, uncertainty, and doubt (FUD) since October, according to our social data.
We last saw the crowd having this level of fear on November 21, and XRP's price immediately rose by 22% in the following three days.
Then greed took over and the rally quickly ended. Right now, it seems like an opportunity is emerging just as it did two weeks ago.
XRP continues to trade at $2 during its writing.
Stay tuned for the latest developments.
