Despite the downturn in the crypto market, where Bitcoin has fallen to nearly $70,000, XRP sentiment on social media remains relatively strong.
In an X post on Wednesday, Santiment said on social media that while Bitcoin (BTC) and Ethereum (ETH) have “turned extremely bearish” after significant declines, “the outlook for XRP is becoming more optimistic among traders.”
According to Santiment’s Positive/Negative Sentiment Index, which measures the ratio of positive to negative social media mentions for crypto assets, XRP (XRP) has a score of 2.19, 103% higher than Ethereum’s 1.08 and 173% higher than Bitcoin’s 0.80.
According to CoinMarketCap, over the past seven days, Bitcoin and Ethereum prices have fallen by 4.97% and 4.92%, respectively. XRP fell further, dropping by 6.82% over the same period.
Pav Hundal, principal analyst at Swyftx, told Cointelegraph on Wednesday that XRP holders “see volatility differently.”
“XRP will not move wildly beyond the rest of the market,” he said, arguing that XRP holders tend to be less skeptical of drawdowns because they have “unwavering confidence” in the asset’s fundamentals.
A short-term “relief rebound” may also be in the horizon.
“The next few weeks are going to be tough,” Hundal said, stressing that XRP is “still down” by 35.5% over the past 30 days.
Santiment argued that fear could lead to market upside.
“There is still a strong argument for a short-term rescue rally as long as the small trader community continues to show distrust towards cryptocurrencies as a whole,” Santiment said.
Alternative.me’s Crypto Fear & Greed Index, which measures overall crypto market sentiment, recorded an “extreme fear” score of 12, the lowest since December 16, indicating extreme caution among investors.
“Full-scale cryptocurrency winter” may be nearing an end
Other indicators are showing similar caution, with the CoinMarketCap Altcoin Season Index currently in “Bitcoin season” at 32 out of 100, suggesting that investors will continue to favor Bitcoin over riskier cryptocurrencies.
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Matt Hogan, chief investment officer at Bitwise, said in an X post on Tuesday that “crypto Twitter” has finally realized that cryptocurrencies are in a “full-fledged crypto winter.”
“We have been in a crypto winter since January 2025, and we are probably nearing the end, not the beginning,” Hogan said.
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