XRP Stuck Below $3 as Bearish Sentiment Dominates Market
XRP Price Movement
- XRP, with a market cap of $177.8 billion, struggles to stay above the $3 mark, currently trading at $2.97.
- Retail investor sentiment has turned bearish since October 4, as noted by Santiment.
- Santiment suggests that the negative sentiment among small traders could be a potential buy signal, as markets often move counter to retail expectations.
- Whales might drive bullish momentum for XRP despite current retail pessimism.
Crypto Market Overview
- The global crypto market cap reached $4.28 trillion with Bitcoin surpassing $125,000, aiming for $150,000.
- CoinMarketCap's fear and greed index entered the greed zone, indicating increased market optimism.
- Daily crypto trading volume rose by 20% to $198 billion, potentially leading to high price volatility.
- If volatility aids XRP in crossing $3, the next target is the $3.84 all-time high from January 2018.