XRP Sentiment Hits Record Low Amid Stagnant Price
Despite recent substantial rallies, XRP sentiment has plummeted to its lowest level since August according to Santiment data. The token's positive-to-negative comment ratio stands at a mere 0.67, indicating overwhelming bearishness among traders.
The data from Santiment, which tracks negative comments across various cryptocurrency communities, including Telegram and Reddit, shows that pessimism is dominating the XRP conversation. This sentiment shift follows a brief burst of enthusiasm in September coinciding with the token's price rally.
Investors are reportedly dismayed by the fact that XRP's price remains stagnant despite the recent institutional adoption win for the XRP Ledger. Some commentators cannot understand why these developments seem to be ignored by market participants, leading to a sense of frustration among investors.