XRP is experiencing skepticism among retail investors, indicated by a drop in its bullish-to-bearish commentary ratio below 1.0 on October 4th (0.74) and October 6th (0.86).
This sentiment often aligns with fear-driven selling pressure.
Historically, such negative retail sentiment has preceded price increases. A similar situation occurred six months ago during the announcement of tariff plans, which led to a bottoming setup and subsequent price rise.
The data from Santiment suggests that when small traders predominantly adopt one stance, the market tends to move in the opposite direction.
On September 17th, a high bullish commentary ratio of 3.21 coincided with XRP peaking above $3.14 before declining, illustrating a pattern where excessive optimism can lead to reversals.
The current negative sentiment could indicate a potential positive turn if demand supports this contrarian signal.
