XRP social sentiment hits 5-week high as price stays low

A surge in bullish social media sentiment for the cryptocurrency XRP has reached its highest level in five weeks, even as its price remains under pressure, creating a potential contrarian warning signal for traders. According to data from market intelligence firm Santiment, XRP recorded 3.02 bullish comments for every bearish one on Monday, July 13, the strongest "fear of missing out" (FOMO) signal among major digital assets.

The analysis, which tracks social media discussions, showed Ethereum with a ratio of 2.31 bullish-to-bearish comments, while Bitcoin's ratio was a more neutral 1.40. This divergence indicates that speculative enthusiasm is currently concentrated on the smaller tokens rather than the broader market. Analysts noted that Bitcoin's relatively flat sentiment could be healthier for its prospects, as rallies often have more room to advance when the crowd has not already piled into a trade.

The rising optimism for XRP and Ethereum comes despite both tokens facing recent price declines. XRP traded around $1.09 on Monday, down for the week, and has fallen roughly 7% over the past seven days. Ethereum has seen a more modest weekly decline. Santiment and other market...