XRP sentiment jumps to 2.35 in 5 days as partnerships fuel bullish social buzz.
Summary
- Santiment’s Positive/Negative Sentiment for XRP hits 2.35, a five‑week high, while BTC and ETH sit near‑neutral at 1.05 and 1.4.
- The indicator scans crypto posts and threads, classifying comments via machine learning; readings above 1 mean bullish mentions outnumber bearish ones.
- XRP trades near $1.42 with ~$2.22B 24h volume as social optimism rises despite recent price struggles and a broader market losing momentum.
Social media sentiment toward XRP has surged to a five-week high while sentiment around Bitcoin and Ethereum remains muted, according to data from analytics firm Santiment.
The firm shared data in a post on X showing that XRP’s Positive/Negative Sentiment indicator has climbed to 2.35, marking the highest level in five weeks. The indicator measures whether an asset receives more bullish or bearish comments on major social media platforms.
Santiment data on XRP show outpacing of other majors
The metric operates by filtering social media posts, threads, and messages for cryptocurrency-related terms and processing them through a machine-learning model that separates positive and negative sentiments. The system then calculates the ratio between positive and negative posts. A value greater than 1 indicates bullish comments outnumber bearish ones, while values below 1 suggest negative sentiment dominates.
Bitcoin and Ethereum have both experienced declines in their Positive/Negative Sentiment to near-neutral levels, according to the data. Bitcoin’s metric currently sits at 1.05, with bullish and bearish comments nearly balanced, while Ethereum shows a value of 1.4, indicating slight positive sentiment dominance.
“Crypto markets have struggled to maintain momentum, and social data indicates there are far less bullish comments toward Bitcoin and Ethereum compared to last week,” Santiment stated.
XRP’s sentiment divergence from the broader market comes despite recent price struggles similar to other cryptocurrencies. Santiment attributed the increased positive sentiment to recent partnership expansion announcements. The wave of bullish comments over the past several days drove the sentiment indicator to its current elevated level.
The analytics firm noted that historically, heightened excitement around digital assets does not necessarily correlate with price increases. Cryptocurrency markets typically move contrary to majority expectations, according to the firm’s analysis. Under this framework, Bitcoin and Ethereum, with their relatively subdued sentiment levels, may be better positioned for a potential rebound than XRP, Santiment suggested.
XRP (XRP) ranks as the fourth-largest cryptocurrency by market capitalization.
Source: https://crypto.news/xrp-social-buzz-hits-5%E2%80%91week-high-as-btc-eth-cool/
