12 month low in XRP sentiment signals Buy
The hardest job on Wall Street is buying when everyone else is afraid to buy.
XRP sentiment just hit a 2-year low. If there is one rule on Wall Street besides “no free lunch,” it’s to Buy When Others Are Afraid.
Data from Santiment, one of the most respected on-chain and social analytics platforms in crypto, shows that retail has turned its back on XRP. Historically, when investors shun something entirely, that’s exactly when you want to be looking closer.
XRP’s social sentiment has plunged to its third most bearish reading in two years and within a few decimal points of a two-year low.
“The crowd” is giving up on XRP last year and getting wrecked trading silver, gold miners, and leveraged oil futures.
The ratio of bullish to bearish commentary across social media sits at just 1 out of 100.
That means for every single positive comment about XRP, there’s almost exactly one negative one.
Retail is capitulating They’ve checked out. Nine months of bleeding prices have finally broken their spirit.
That is a signal to Buy When Others Are Afraid.
But buying at low sentiment is just one factor to consider among several. I’ve made my career out of identifying the critical factors that actually matter to timing XRP.
Below is my actual, personal analysis.
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XRP Premium Analysis
With one of the best sentiment signals you could ask for in two years, here’s what else I am tracking and the precise buy price I’m using for XRP…