With negativity surrounding XRP at a six-month peak, now might be a worthwhile time to consider purchasing it.
XRP’s price has recently lagged behind other cryptocurrencies that rallied with Bitcoin. It failed to break through resistance near $3.10, causing it to retreat below $3. Despite this slower pace, underlying data suggests a potential shift. XRP currently trades at $2.87, down 3.3% in the last 24 hours. A significant increase in retail fear, uncertainty, and doubt (FUD) surrounding XRP is evident. This level of fear is the highest in the last six months, mirroring the pessimism seen earlier this year due to tariff announcements. Bearish social media commentary has dramatically outweighed positive sentiment recently. Analysts at Santiment believe the current market sentiment may present a favorable buying opportunity for XRP. Crypto prices often move contrary to retail expectations, and this FUD could signal a potential breakout. Accumulating XRP at these lower prices might benefit savvy traders. Despite the negative sentiment, XRP has maintained support above $2.80, a crucial level since August. This resilience hints that selling pressure may soon diminish, potentially leading to a retest of the $3.10 resistance level.
