$XRP, the native token of Ripple, is going through considerable headwinds. Hence, the retail market of $XRP has faced extreme Fear, Uncertainty, and Doubt (FUD) levels over a couple of recent days, with the Bullish vs. Bearish Ratio reaching 0.86. However, as the data from Santiment suggests, the growing FUD levels denote a bullish sign and a buy signal, pointing toward a potential breakout in the near term. Keeping this in view, the rise of impatience among the $XRP community members could serve as a noteworthy catalyst.
$XRP Sentiment Enters Extreme FUD
Based on the market data, the sentiment around $XRP has reached a turning point. In this respect, the FUD levels have reportedly touched their extreme levels over the past two days. The market observers consider this to be the onset of a rebound and a promising purchase signal, as seen in the historical movements. Therefore, while the $XRP community is becoming impatient, it is nearing a likely breakout.
Additionally, the on-chain statistics point out that a similar dramatic shift in $XRP’s community took place back on the 17th of September. At that time, the Bullish vs. Bearish Ratio touched 3.21, displaying a euphoric signal after a notably bearish outlook. Just like that, on the 4th of October, the Bullish Vs. Bearish Ratio hit 0.74, presenting considerable fearful sentiment. Following that, on October 6, the respective level attained the 0.86 mark.
Crowd Psychology Leads Bullish $XRP Outlook
According to Santiment, the ongoing overly bearish outlook of $XRP sentiment could pave the way for a bounce back in price performance. In line with this, the $XRP holders as well as the market onlookers are now watching for the potential signs of a breakout. Overall, the analytics continue to reveal the crowd psychology that is playing a key role behind the shifting market momentum.
