October has opened with notable shifts in sentiment toward major altcoins, particularly Ethereum (ETH) and Ripple’s native XRP. Market intelligence platform Santiment identified a pronounced
October has opened with notable shifts in sentiment toward major altcoins, particularly Ethereum (ETH) and Ripple’s native XRP. Market intelligence platform Santiment identified a pronounced downturn in positive commentary about XRP, with the bullish-to-bearish sentiment ratio dropping to 0.67, marking the lowest reading since August 17, 2026.
Santiment’s metrics track posts and comments from platforms such as Reddit, X, Telegram, and other forums where crypto communities remain active. These data points aim to capture sharp changes in investor sentiment, especially when one narrative dominates public discussion.
This decline in optimism has created what some analysts describe as an attractive contrarian environment. Historically, when sentiment turns strongly negative, it often suggests substantial selling activity has already taken place. In such scenarios, significant rebounds can occur after periods of deep pessimism—though the classic “buy the dip” approach does not always lead to immediate results.
Periods of widespread fear and subdued optimism typically entice both retail traders and large holders to build positions under more favorable conditions, often coinciding with the identification of local market bottoms.
However, Santiment Intelligence clarified that current data do not guarantee any immediate price recovery for XRP or ETH. The platform reported that market sentiment has shifted away from previous eras of unbridled optimism when traders expected consistent price increases. Amid continued anxiety and healthy on-chain technicals, some investors view this as a potential setup for bullish reversals, although timing such movements remains uncertain.
As of Friday, XRP was observed to bounce off micro support in the $1.32 to $1.49 range. The nearest resistance sits at $1.67, aligning with the September 23, 2026, local price high. If XRP manages to break above this level, the next resistance targets are $1.93 and $2.25.
Ripple’s XRP mirrored Bitcoin’s (BTC) increased momentum, with BTC approaching $86,600. Overall market conditions have become more favorable as the global Crypto Fear & Greed Index edged up to 72, reflecting stronger risk appetite among traders. This shift follows a sharp wave of negative commentary, suggesting some investors considered last month’s drop to $1.29 as a possible cycle low.
Alongside major-cap developments, technical analysts emphasize the increased significance of timing and investor choices, particularly in speculative segments like meme tokens. In this space, internet trends can quickly translate into millions of dollars in trading volume within days. Fomo App data highlighted a notable trade in the meme token market: a $99 investment in “Niu Lai” grew to approximately $370,000, underlining the volatility and profit potential in such tokens.
Tracking price action alone is insufficient; monitoring the behaviors and token selections of active investors has become a critical factor. Fomo App integrates token discovery with social feeds, investor leaderboards, and trade alerts in a single platform, providing traders a consolidated view of meme token trends and investor movements.
By consolidating discovery tools and real-time insights, platforms like Fomo App allow users to more effectively follow both price shifts and investor sentiment in the fast-evolving meme token ecosystem.
The post XRP sentiment hits two-month low, resistance seen at $1.67, $1.93, $2.25 appeared first on COINTURK NEWS.
