That momentum faded quick.
Ripple too executed its scheduled Ripple’s 1 billion XRP unlock on October 1.
Some analysts still matter to parabolic rally targets of $20—$30 despite the distribute. A bounce in the ratio alongside spot holding the September elevated-low zone would support it.
The Evernorth merger vote secured 94% shareholder approval for a 473 million XRP treasury manage.
Shortly later than, XRP gained subsequent to the Evernorth vote passed in advance of the current pullback collection in.
On the infrastructure side, x402 AI payments on the XRP Ledger crossed 10 million transactions.
RLUSD’s recent promote-cap high landed around $2.5 billion. The firm argued that extreme pessimism can mean panic selling has largely run its track.
Quieter optimism united together with rising fear has historically been a stronger entry condition than plain purchase-the-dip excitement. Blockchain analytics firm Santiment flagged on October 1 that XRP’s bullish-to-bearish feedback ratio fell to 0.67 across X, Reddit, and Telegram, its lowest reading as August 17.
A ratio below 1.0 means bearish commentary now outnumbers bullish posts. The token closed October 1 nearby $1.49, trading in a slender $1.47—$1.53 band as October opened.
The charge slip arrived alongside a wave of social pessimism. Still, Santiment cautioned that no opportune bounce is guaranteed for XRP or ETH.
The underlying network developments stay constructive. For framework, Ethereum’s own ratio slipped to 0.89, its weakest given that June 7.
Crowd Flips Bearish as Price Stalls Close to $1.49
XRP had rallied to approximately $1.60 in delayed September prior to stalling. Binance XRP rewards for RLUSD holders additional expanded swap-extent assist.
Meanwhile, Ripple’s cross-border payments push into a $155 trillion advertise kept the macro narrative intact.
Trader Coach K noted on X that crowded bearish social reads are repeatedly where he starts watching the other side of the address. This followed an XRP Ledger recent-account spike, additional than 11,000 fresh wallets activated in a one day when charge touched $1.60. BSC News amplified the “detailed negative territory” framing premature on October 2.
Whether the XRP 0.67 ratio mean-reverts now depends on rate holding the $1.47 approve zone and on whether Evernorth closing steps, RLUSD volume, and ETF travel information pull discussion fund above 1.0.
A sustained sub-1.0 reading using rising compact available interest to would weaken the contrarian case.
The crowd has turned on XRP. The taker acquire/vend ratio turns bearish, a statistic CoinGape had already flagged, showed selling pressure building.
This happened even as spot XRP ETF inflows remained healthy and documented the reasons why XRP charge rallied in September.
Fundamentals Diverge, Santiment Flags a Contrarian Setup
Santiment did not consider the 0.67 reading as a market sign. The quick trade reaction, yet, added a provide overhang that weighed on brief-term sentiment.
Even so, derivatives signals were already flashing caution.
Source: XRP Bullish-to-Bearish Ratio Falls to 0.67, Worst Reading Since August 17: Santiment
