Social media sentiment has turned “extremely bearish” toward Bitcoin and Ethereum this week, according to analytics platform Santiment.
XRP sentiment on social media has remained relatively robust despite a crypto market slump that has seen Bitcoin fall close to $70,000.
Santiment said in an X post on Wednesday that “XRP is seeing a more optimistic outlook among traders” on social media as Bitcoin (BTC) and Ethereum (ETH) have “turned extremely bearish” after a major downswing.
Santiment’s Positive/Negative sentiment indicator, which measures the ratio of positive to negative social media mentions for a cryptoasset, shows XRP (XRP) has a score of 2.19, 103% higher than Ethereum’s 1.08 and 173% higher than Bitcoin’s 0.80.
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