XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout 📈
According to blockchain analytics firm Santiment, retail fear regarding XRP has surged to a six-month high. This increase in negativity is seen as a contrarian signal by some analysts, suggesting potential upcoming positive price movement.
The bullish-to-bearish ratio recently fell significantly, indicating a potential bottoming pattern. Analysts note that market fear usually precedes price gains, with current levels suggesting possible future upside.
Significant technical levels to watch for XRP are around $3, with reports indicating structural levels between $2.72 and $2.75. Price levels above $3.17 and $3.65 would confirm a potential breakout.
Technical analysis from figures like CryptoInsightUK and Professor Astrones suggests potential price targets ranging from $5 to $12 if certain technical patterns hold. Bitcoin and Ethereum have achieved new highs, whereas XRP has faced resistance around the $3 mark.
Overall, amid current fear, sentiment and historical patterns suggest XRP might break out if fear subsides, highlighting strategic buying interest beneath key price points.
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