Bulls Defend XRP and Ether as Selloff Deepens, but Downside Risks Remain Looming

Here’s another rewritten version with a different flow and stronger market commentary style:

XRP’s online sentiment has turned increasingly bullish despite the token’s recent decline, creating a market setup that has often been viewed as a sign of potential further weakness.

Retail traders are continuing to show confidence in XRP and Ether even as both assets lose ground, a behavior pattern that has historically been linked more closely with additional downside risk than immediate recoveries.

Santiment data revealed that XRP generated 3.02 bullish social media reactions for every bearish comment on Monday, marking its highest positive sentiment level in five weeks. Ether posted a similar trend with a 2.31 bullish-to-bearish ratio, while Bitcoin remained comparatively balanced at 1.40.

The divergence between sentiment and price action is notable. Bitcoin and Ether both began the session with gains but later reversed lower, meaning traders were becoming more optimistic while market momentum was weakening.

Investor sentiment is often used as a contrarian indicator because excessive optimism tends to emerge near short-term market highs.

Santiment pointed out that crypto markets frequently move opposite to the expectations of the majority. The firm warned that strong bullish enthusiasm for XRP and Ether during a downturn could increase short-term selling pressure or make any recovery less sustainable.

Bitcoin’s neutral sentiment reading presents a different picture. With retail attention focused heavily on alternative cryptocurrencies, speculation appears more concentrated rather than spread across the broader market, leaving room for a more balanced recovery if demand improves.

XRP was trading around $1.09 on Monday and remained down for the week, despite the increase in positive social media activity.