XRP Sentiment Crashes as Bullish-Bearish Ratio Hits 0.67
XRP sentiment turned bearish in October, with a bullish-to-bearish ratio of 0.67, according to Santiment. This means that for every 100 pessimistic comments about XRP, there were 67 optimistic ones.
The token's reading was weaker than Ethereum's, which stood at 0.89, and both XRP and ETH sentiment turned negative, reaching their lowest levels since August 17 and June 7, respectively.
Santiment's analysis suggests that the current mood is different from periods when widespread expectations favored continued gains. The company noted that 'fear is returning while some underlying market signals remain healthy,' which is a divergence that contrarian traders typically wait patiently for.
The bearish tone surrounding XRP contrasts with the enthusiasm surrounding Bitcoin, which attracted a strong positive sentiment spike in September.