XRP Price Sinks to Three-Month Low Amid Widespread Bearish Sentiment

The XRP price has been struggling near $1, and sentiment around the token has reached a three-month bearish extreme. According to Santiment, negativity surged through the past week as the XRP price failed to rally.

XRP commentary has hit a three-month low across various platforms, including X, Reddit, and Telegram. Traders watch these extremes because they imply about supply. When almost everyone has turned bearish, most of the people who wanted to sell have already sold, which leaves less XRP waiting to hit the market on any bounce.

The price data supports the mood. The XRP price has fallen 7.8% over the past 30 days while Bitcoin slipped 0.5% and Ethereum gained 3.2%. It also trades 2.8% lower over the past week, down from $1.03.