XRP Rebounds Strongly Despite Market FUD and Negative Sentiment

XRP has demonstrated resilience following a significant market event that wiped out over $19 billion. The token, which dipped below $1.90 recently, is now approaching the $2.50 mark amidst prevailing market uncertainty.

XRP Rebounds After Market Decline

Santiment data shows XRP's recovery from lows around $1.90 to $2.20 and towards $2.50.
Intense negative sentiment was recorded, with crowd sentiment ratio reaching its lowest since January.
The pessimism followed macroeconomic events, notably US tariff announcements on China.
On-chain analytics indicated a drop in positive vs. negative comments to 1.01, improving slightly to 1.35.

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The improvement in sentiment suggests some stabilization, with XRP attempting to reclaim $2.50.

Future Implications for XRP

XRP’s rebound amid FUD indicates potential entry into a stronger accumulation phase.
A low positive-to-negative comment ratio often signals a buy opportunity, per Santiment.
If XRP maintains above $2.50, it could confirm renewed bullish momentum.
Potential short-term targets are $2.72 and $2.80, with stronger momentum possibly pushing past $3.

Currently, XRP trades at $2.4, down 1% over the last 24 hours.

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