{"id":12816,"date":"2024-10-10T09:33:10","date_gmt":"2024-10-10T09:33:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12816"},"modified":"2024-10-10T09:33:10","modified_gmt":"2024-10-10T09:33:10","slug":"ripple-xrp-price-sentiment-plummets-but-analyst-say-that-can-be-bullish","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12816","title":{"rendered":"Ripple (XRP) Price Sentiment Plummets but Analyst Say That Can Be Bullish"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

It appears that the market uncertainty and negative sentiment are on the rise, especially for Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP).
\nHowever, some analysts remain optimistic about XRP despite the current conditions.<\/p>\n

<\/a><\/span><\/h2>\n

The \u2018Top\u2019 20 List<\/h2>\n

Despite positive expectations, the cryptocurrency market started October on the wrong foot, registering a substantial correction. Multiple leading assets lost the <\/span>momentum<\/span> observed at the end of September, entering red territory.<\/span><\/p>\n

The crypto analytics platform Santiment <\/span>revealed<\/span><\/a> the top 20 cryptocurrencies receiving the most negative attention during the latest pullback.\u00a0<\/span><\/p>\n

The first spot went to Chainlink (LINK), whose weighted sentiment fell to -0.57. Ethereum (ETH) and Bitcoin (BTC) followed <\/span>next<\/span> with ratios of -0.47 and -0.45, respectively.<\/span><\/p>\n

\u201cWeighted sentiment is an adjusted measurement we provide that combines the social volume of an asset (across X, Reddit, Telegram, 4Chan, and Bitcointalk) and multiplies by the ratio of positive vs. negative comments toward that asset,\u201d the entity explained its method.\u00a0<\/span><\/p>\n

Other well-known cryptocurrencies making the list include Solana (SOL), Ripple (XRP), Polygon (MATIC), Cardano (ADA), Floki Inu (FLOKI), Pepe (PEPE), Tron (TRX), and more.<\/span><\/p>\n

XRP, for one, witnessed a severe collapse at the start of October. It plummeted<\/a> by double digits to as low as $0.51 following the US SEC\u2019s appeal in the case against Ripple. Since then, XRP has tried to recover some ground, <\/span>currently<\/span> trading at around $0.52 (per CoinGecko\u2019s data).\u00a0<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

However, it is not all bad news. According to Santiment, \u201ccoins with the most bearish crowd narratives historically have the best chance of rising.\u201d<\/span><\/p>\n

XRP Price Predictions<\/span><\/h2>\n

Despite its pullback, the asset has been the subject of numerous optimistic forecasts <\/span>as of late<\/span>. The <\/span>popular<\/span> X user Dark Defender <\/span>claimed<\/span><\/a> the news surrounding the Ripple v. SEC lawsuit <\/span>have<\/span> \u201ca minor impact\u201d on XRP, whose valuation <\/span>is mainly driven<\/span> by technical indicators:<\/span><\/p>\n

\u201cWhen Heikin Ashi Candles (average-price candles, currently at $0.57) <\/span>are considered<\/span>, the monthly average price stays above the support level, which is critical for XRP to continue the momentum. <\/span>This<\/span> is supported<\/span> by the MACD indicator, where XRP has the green dot on the monthly time frame. <\/span>I am super bullish<\/span>, <\/span>and<\/span> I <\/span>expect XRP to follow his pattern.\u201d<\/span><\/p>\n

EGRAG CRYPTO was even more bullish, <\/span>expecting<\/span><\/a> the token\u2019s price to experience an \u201cepic\u201d surge to above $5 in the following months.<\/span><\/p>\n

The post Ripple (XRP) Price Sentiment Plummets but Analyst Say That Can Be Bullish<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR It appears that the market uncertainty and negative sentiment are on the rise, especially for Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP). However, some analysts remain optimistic about XRP despite the current conditions. The \u2018Top\u2019 20 List Despite positive expectations, the cryptocurrency market started October on the wrong foot, registering a substantial correction. Multiple […]<\/p>\n","protected":false},"author":0,"featured_media":12817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12816"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12816"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12817"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}