All-time low in Fear & Greed Index creates perfect XRP setup
Once-in-a-lifetime lows in a flagship crypto sentiment index is shaping up to be a historic opportunity.
As a general market rule, it pays to buy when others are afraid and sell when others are greedy. In crypto, as measured by one of the most important sentiment trackers across the industry, the Fear and Greed Index has never been more fearful than now.
Specifically, CoinMarketCap’s flagship sentiment index crashed to a never-before-seen 5 rating on its 0-100 scale this month.
According to my latest analysis, there are multiple factors setting up a historic bottom in XRP, and this indicator is one of the strongest.
Quick note before we continue, choppy markets require smart traders to focus on deep liquidity, fast execution, and advanced tools. More on that below.
Market Context
Even other index providers agree. CoinGlass, which operates a bitcoin-only version of the Fear & Greed Index, also hit its lowest level this month of 5, which is worse than even its Three Arrows Capital bankruptcy low of 6 in June 2022, and the COVID-19 low of 7 in March 2020. CoinGlass currently rates bitcoin Fear & Greed at its worst, Extreme Fear rank.
The crypto industry’s first Fear & Greed index by Alternative.me, which has continuously operated since February 2018, also ranks this month’s 5 as equal to its lowest-ever rating of 5 on August 22, 2019 – over seven years ago.
I posted a clip of my analysis of XRP Fear & Greed Index as well as other history-making setups to X, and the full analysis is on YouTube.
News
Binance CEO denies sanctions violations, contests Forbes article (X)
Brock Pierce’s Blockchain Capital, a lead investor in X competitor BlueSky, was seeded by Jeffrey Epstein (X)
Grayscale says XRP the second-most talked about digital asset by sales reps behind bitcoin (X)
Bundesbank backs programable CBDCs (Bundesbank.de)
Russia reports 50B rubles ($648M) daily crypto trade (Rbc.ru)
Metaplanet FY’25: Revenue ¥8.9B +738% y-o-y | BTC balance 35,102 (MetaPlanet)
Donald Trump’s Truth Social launching two crypto ETFs (PRNewswire)
SBI Holdings acquiring Coinhako (SBIGroup)
Crypto.com earns ISO/IEC 42001 (Crypto.com)
Kraken donating to child savings-focused Trump Accounts in Wyoming (X)
DC trade association Digital Chamber outlines its Stablecoin Reward Principles (X)
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