XRP negative commentary reaches a three-month peak while price declines 7.8% this month, contrasting with Bitcoin and Ethereum gains.
XRP sentiment has plunged to its most bearish level in three months, according to data from Santiment, as the token’s price fell 7.8% this month. Bitcoin and Ethereum posted declines of 0.5% and gains of 3.2%, respectively, over the same period. XRP dropped from $1.08 to $1.00 in the last 30 days, despite a misleading spike in active Ledger addresses driven by automated bot transactions.
The collapse in XRP ETF inflows—down 96% from launch—has left the September 15 CLARITY Act Senate vote as the sole near-term catalyst. Santiment notes that while sentiment sours, actual XRP Ledger usage has climbed to its highest level since June, suggesting a potential disconnect between crowd perception and on-chain activity.
Traders monitor sentiment extremes as indicators of supply dynamics, with extreme bearishness often signaling a potential bottom as selling pressure wanes.