Ripple (XRP) Price Sentiment Plummets but Analyst Say That Can Be Bullish
Release: 2024/10/10 17:34 Reading: 744
TL;DR
Market uncertainty has led to negative sentiment in the cryptocurrency market, particularly for Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP). However, analysts remain optimistic about XRP's future prospects.
Top 20 List of Negatively-Received Cryptocurrencies
Despite positive predictions, the crypto market experienced a correction in October, with several leading assets losing momentum. Santiment revealed the top 20 cryptocurrencies receiving the most negative attention:
- Chainlink (LINK): -0.57 weighted sentiment
- Ethereum (ETH): -0.47
- Bitcoin (BTC): -0.45
Other notable cryptocurrencies on the list include Solana (SOL), Ripple (XRP), Polygon (MATIC), and Cardano (ADA).
Ripple (XRP) Recent Performance
XRP experienced a significant drop in early October, reaching a low of $0.51 following the US SEC's appeal in the lawsuit against Ripple. However, it has since attempted to recover, currently trading at around $0.52.
Analysts' Optimistic Predictions for XRP
Despite the recent pullback, analysts have expressed optimism about XRP's future. Dark Defender attributed XRP's valuation primarily to technical indicators rather than news surrounding the Ripple lawsuit. EGRAG CRYPTO predicted a significant price surge above $5 in the coming months.
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