
XRP social sentiment hits a four-month low as bearish discussions dominate market activity.
Open Interest falls to $2.77 billion as liquidations exceed $10.23 million.
XRP must defend $1.15; losing support could expose the token to $0.98.
XRP is facing another difficult period as bearish sentiment spreads across the cryptocurrency market. The altcoin has dropped close to the $1 psychological support level. Traders have grown increasingly cautious following another round of selling pressure. Social sentiment now stands at a four-month low. Meanwhile, weakening ETF activity and declining futures interest add further concerns. However, Ripple CEO Brad Garlinghouse's long-term vision offers investors something to consider.
https://twitter.com/CryptoAmb/status/2119188899838689359?a=oEijGaKK4i1g_Hbmnzs&s=19 XRP Social Sentiment Hits Its Lowest Level Since July
XRP's latest price decline has weighed heavily on market sentiment. Santiment data shows negative sentiment reached 5.8435, the lowest reading since July. The positive-to-negative sentiment ratio also dropped to 0.65426. This figure highlights the growing dominance of bearish discussions. The wider cryptocurrency market faces similar pressure. The Fear and Greed Index recently dropped to 32, signaling fear among investors.
Therefore, XRP's sentiment decline reflects broader market uncertainty. Trading activity confirms the growing weakness. XRP dropped from $1.32 to $1.15 on the four-hour chart. During the decline, sellers pushed the token below $1.24 support. This breakdown triggered more than $10.23 million in liquidations and stop losses. CoinGlass data also shows declining futures participation. XRP's Open Interest dropped from $3.78 billion to $2.77 billion.
This decline suggests traders have reduced their exposure. Meanwhile, spot demand faces another challenge from weaker ETF activity. XRP ETFs recorded only one day of net outflows this month. However, most remaining sessions showed no meaningful inflows. This inactivity highlights the lack of fresh institutional demand.
Can Garlinghouse's North Star Keep XRP Above $1?
Despite these challenges, XRP still has reasons for cautious optimism. The token continues trading above $1.15, while buying volume exceeds selling volume. This development suggests that bearish momentum could be losing strength. Garlinghouse also continues defending XRP's importance within Ripple's long-term strategy. During the Ripple Swell event, he reiterated XRP's North Star position.
Some investors worry that RLUSD could weaken XRP's role within Ripple's ecosystem. However, Garlinghouse explained that RLUSD competes with other stablecoins. XRP and the XRP Ledger remain central to Ripple's guiding vision. The technical structure also offers a possible recovery argument. The $1.15 region previously marked the last lower high. That level appeared before XRP experienced a bullish market structure shift.
Consequently, the current decline could represent a retest of that important breakout area. Holding $1.15 could help buyers regain control. A stronger recovery might restore confidence and improve market sentiment. However, another breakdown would change the outlook. If XRP loses $1.15, the next major demand zone sits near $0.98. Such a move would place the psychological $1 threshold under pressure.
