XRP Sentiment Weakens as Analysts Point to Potential Price Rebound

2 mins mins

In Brief

XRP enters “Fear Zone” as social sentiment drops, often a sign of local price support.
Price consolidates near $1.87 with slight weekly gains despite short-term market weakness.
Analyst compares current XRP structure to 2017 rally setup, suggesting possible upside move.

XRP is showing signs of market pessimism as social media sentiment falls sharply, entering what analysts label the “Fear Zone.” This shift coincides with XRP trading near the lower end of its current range around $1.87, raising speculation of a near-term reversal.

The latest sentiment data from Santiment shows a steep drop in positive-to-negative commentary across retail platforms. This ratio now sits well below neutral, often indicating that the market may be pricing in too much fear.

XRP Sentiment Back to Negative | Source: Santiment

Historically, such pessimism has aligned with price bottoms rather than prolonged declines, hinting at possible support forming. Although XRP is down 2.51% over 24 hours, it still holds a slight gain of 0.09% on the 7-day chart.

This price action suggests short-term weakness but not a complete breakdown, as the token remains within a broader consolidation phase. The presence of extreme caution may signal retail capitulation rather than long-term bearish pressure.

Market Structure Mirrors 2017 Breakout, Analyst Notes Potential Upside

Meanwhile, technical analyst Steph Is Crypto highlights a strong similarity between XRP’s current structure and its pre-rally behaviour in 2017. The weekly chart displays a long-term breakout, followed by consolidation, which mirrors XRP’s historical pattern prior to its previous all-time high.

In the previous cycle, XRP moved sideways before exploding over 1,000%, reaching a peak above $3.00. Now, after breaking above its multi-year trendline, XRP is holding above $2.00, showing a similar formation.

The analyst identifies this as a potential pre-expansion setup, supported by rising lows and holding strength near key technical levels. If broader market conditions remain stable, XRP may be setting the foundation for its next major move.

While sentiment remains negative, historical patterns suggest caution could give way to momentum.

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