$XRP
Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
$XRP price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.XRP slipped toward the $2 mark in early U.S. hours Friday as social sentiment around the token deteriorated sharply, with new data from analytics firm Santiment showing the deepest stretch of bearish commentary since October.
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.The firm noted a parallel with Nov. 21, when a comparable spike in negative messages preceded a brief rebound of about 22% over the following three days before momentum faded. It suggested traders monitor whether sentiment stabilizes or continues to deteriorate, a shift that often shapes positioning in retail-heavy markets.
$XRP has held up better than some smaller tokens but remains sensitive to rapid deleveraging and to the unwind of carry trades tied to US data releases and shifts in global risk appetite.