Bearish sentiment around XRP surges to a level not seen in months, but there are chances of a trend reversal.value dropped 11% in the last 30 days. The price drop also caused a rise in negative sentiment around the token in the recent past.
At the time of writing, the token traded at $0.5011 with a market cap of over $27.2 billion, making it the sixth-largest crypto.As per the tweet, XRP’s Weighted Sentiment was below its historic averages, an occurrence that happened fo the first time in over six months.It was surprising to note that despite Ripple’s red price chart, one of its key metrics improved. As per AMBCrypto’s analysis, XRP’s MVRV ratio increased over the last few days.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: