XRP (CRYPTO: XRP) has fallen about 35% over the past three months and roughly 63% over the past nine months, as sentiment in the market turns increasingly negative.
Despite the decline, analysts say extreme fear conditions could set the stage for a short-term relief rally.
Sentiment Turns Deeply Bearish
Data from Santiment shows XRP sentiment has reached one of its most bearish readings in the past two years, ranking among the highest levels of fear, uncertainty and doubt (FUD).
Historically, such extreme pessimism …