- Retail sentiment toward XRP is sharply bearish, with negative social mentions outweighing positive ones, which on-chain firm Santiment classifies as a contrarian bullish signal.
- Despite a recent price drop, the market structure remains sound, with large address cohorts steadily accumulating XRP, a pattern seen before a 125% rally in April.
- The possibility of XRP ETF approvals continues to attract institutional interest, though the US government shutdown is currently stalling all SEC review processes and deadlines.
Looks like retail sentiment toward XRP has turned sharply bearish, returning to levels last seen during April’s tariff-driven sell-off. But the shift has not yet broken the market’s structure, and several indicators now lean bullish.
On-chain analytics firm Santiment reports XRP’s bullish-to-bearish social ratio fell below 1.0 for two straight days, meaning negative mentions outnumber positive ones. Santiment classifies this “retail FUD” as a contrarian signal.
In April, the same setup preceded a fast reversal: XRP first dropped more than 25% and then rallied over 125% as stronger hands absorbed selling from impatient traders.
Glassnode data shows the share of supply held by addresses with more than 100 XRP has risen through recent consolidation. That pattern indicates steady buying from top address cohorts while short-term holders rotate out.
Related: XRPL Solidifies Lead in Tokenisation and Stablecoins as Ripple Unveils What’s Next
Additionally, a weaker US dollar and the recent US government shutdown (it’s now the seventh day since it happened) can push investors toward risk assets like crypto, which could support prices.
ETF Approvals on Hold Amid Gov Shutdown
Meanwhile, talk of possible SEC approval routes for XRP ETFs keeps professional and institutional buyers interested. But one big issue is that, with the government being shut down, the SEC’s work is directly stalled by it… so all spot ETF applications cannot be reviewed or approved, and all deadlines are frozen.
The approval of XRP ETFs last month should have at least injected some momentum, as many members of the XRP army believed, yet the coin is currently trading at US$2.8 (AU$4.25), a decrease of 4.52% in the last 24 hours as per CoinMarketCap data.
It’s worth noting that Ripple’s CTO, David Schwartz, recently announced his departure from the CTO position after seven years, something that shocked the community, who believe this is possibly a defining moment for the cryptocurrency’s trajectory.
Related: Ripple’s J. Ayo Akinyele Champions Privacy-First Future for the XRP Ledger
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