XRP Can't Break $2.30 as Social Sentiment Crashes—But the Data Tells Another Story

MarketDash Editorial Team
3 days ago
XRP is trading near $2 amid its worst social sentiment since October, but on-chain metrics and ETF inflows suggest the negativity might be overdone. Here's what traders are watching.

XRP (XRP) is having one of those moments where the vibe and the fundamentals seem to be living in completely different realities. Social sentiment has collapsed to levels not seen since October, yet on-chain data and ETF flows are quietly painting a much more optimistic picture.

CryptocurrencyTickerPriceMarket Cap7-Day Trend
XRPXRP$2.06$124.8 billion-5.9%
BitcoinBTC$90,734$1.82 trillion-0.3%
EthereumETH$3,110$377.7 billion+3%

What Traders Are Seeing

Cryptoinsightuk pointed out that XRP's higher-time-frame structure still looks firmly bullish. The yearly range lows, which acted as resistance for seven years, are now functioning as major support—a meaningful technical shift.

On lower time frames, XRP has printed a higher low from that range, though without a confirmed higher high yet. That suggests either ongoing consolidation or a potential retest of support before any real breakout materializes.

The critical level to watch? A break above the descending trendline and a reclaim of $2.30 would signal a meaningful trend reversal. Despite short-term choppiness, liquidity conditions and structural strength still point toward a medium-term push to new all-time highs.

The Sentiment Problem

According to Santiment data, XRP is experiencing its strongest Fear, Uncertainty, and Doubt (FUD) levels since October, following a 31% decline over two months.

But here's the interesting part: the last time sentiment was this negative—back on November 21—XRP rallied 22% in just three days before momentum cooled. That's exactly the kind of setup contrarian traders look for.

ETF Flows Tell a Different Story

While social media spirals, institutional interest appears steady. SoSoValue data shows U.S. XRP ETFs brought in $12.8 million in net inflows on December 4, even as Bitcoin and Ethereum ETFs saw outflows.

Assets under management have already hit $881.3 million, making XRP the second-fastest crypto ETF to approach $1 billion—behind only Bitcoin. That's a pretty solid vote of confidence from institutional players.

Ecosystem Update

On the development front, Ripple CTO David Schwartz opened his XRPL Hub to the public, emphasizing ecosystem transparency and reaffirming that protocol upgrades will remain evidence-driven and tightly controlled.

XRP Can't Break $2.30 as Social Sentiment Crashes—But the Data Tells Another Story

MarketDash Editorial Team
3 days ago
XRP is trading near $2 amid its worst social sentiment since October, but on-chain metrics and ETF inflows suggest the negativity might be overdone. Here's what traders are watching.

XRP (XRP) is having one of those moments where the vibe and the fundamentals seem to be living in completely different realities. Social sentiment has collapsed to levels not seen since October, yet on-chain data and ETF flows are quietly painting a much more optimistic picture.

CryptocurrencyTickerPriceMarket Cap7-Day Trend
XRPXRP$2.06$124.8 billion-5.9%
BitcoinBTC$90,734$1.82 trillion-0.3%
EthereumETH$3,110$377.7 billion+3%

What Traders Are Seeing

Cryptoinsightuk pointed out that XRP's higher-time-frame structure still looks firmly bullish. The yearly range lows, which acted as resistance for seven years, are now functioning as major support—a meaningful technical shift.

On lower time frames, XRP has printed a higher low from that range, though without a confirmed higher high yet. That suggests either ongoing consolidation or a potential retest of support before any real breakout materializes.

The critical level to watch? A break above the descending trendline and a reclaim of $2.30 would signal a meaningful trend reversal. Despite short-term choppiness, liquidity conditions and structural strength still point toward a medium-term push to new all-time highs.

The Sentiment Problem

According to Santiment data, XRP is experiencing its strongest Fear, Uncertainty, and Doubt (FUD) levels since October, following a 31% decline over two months.

But here's the interesting part: the last time sentiment was this negative—back on November 21—XRP rallied 22% in just three days before momentum cooled. That's exactly the kind of setup contrarian traders look for.

ETF Flows Tell a Different Story

While social media spirals, institutional interest appears steady. SoSoValue data shows U.S. XRP ETFs brought in $12.8 million in net inflows on December 4, even as Bitcoin and Ethereum ETFs saw outflows.

Assets under management have already hit $881.3 million, making XRP the second-fastest crypto ETF to approach $1 billion—behind only Bitcoin. That's a pretty solid vote of confidence from institutional players.

Ecosystem Update

On the development front, Ripple CTO David Schwartz opened his XRPL Hub to the public, emphasizing ecosystem transparency and reaffirming that protocol upgrades will remain evidence-driven and tightly controlled.

    XRP Can't Break $2.30 as Social Sentiment Crashes—But the Data Tells Another Story - MarketDash News