XRP registers a strong increase in online optimism as public sentiment towards Bitcoin and Ether collapses
1. Bitcoin and Ether ETFs record massive capital outflows and significant losses
2. Inflows into XRP ETFs increase while options traders favor call options
XRP sentiment has surged, while Bitcoin and Ethereum have turned significantly bearish.
Bitcoin ETFs recorded capital outflows of $171.5 million, with all major funds showing losses.
Ethereum ETFs lost $20.53 million, with Fidelity's FETH taking the brunt of the losses.
XRP is suddenly the only cryptocurrency that inspires confidence among traders. While Bitcoin and Ethereum plummeted last week, online discussions around XRP have moved in the opposite direction.
The latest data from Santiment shows that investors have become extremely pessimistic about the future of Bitcoin and Ether, but, curiously, XRP now leads the pack in terms of positive sentiment. No other major cryptocurrency is generating such excitement at the moment.
Santiment explained that when small investors are worried, it is usually at that moment that markets begin to rebound. Most retail investors remain skeptical about this cryptocurrency rebound, and this doubt could well fuel a short-term rise.
#Xrpđ„đ„ #XRPRealityCheck #XRPâ $XRP
