XRP Has Undergone the Most Negative Period in Its History Over the Last Three Months, But Data Doesn't Show It
XRP has experienced its most negative investor sentiment in three months as the price failed to recover as expected, according to data from Santiment. Comments across social media platforms show retail investors growing significantly more pessimistic, a trend likely to persist in the short term with the price below $1. However, blockchain activity on the XRP Ledger tells a different story. In the last 24 hours, the network recorded 49,929 active addresses, the highest figure in over two months. This recent surge in activity, following a period of historically low engagement earlier in July, presents a key contrarian signal. Santiment suggests that the combination of high on-chain activity and extreme negative sentiment creates a scenario that could appeal to XRP bulls. The platform indicates that if XRP maintains its current technical structure and demand recovers, the present pessimism may later be viewed by cryptocurrency users as a discount buying opportunity.
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