Data shows that social media sentiment towards XRP has risen to a 5-week high, even as sentiment around Bitcoin and Ethereum remains gloomy.

Positive/negative sentiment towards XRP has increased recently

In the modern one post on X, analytics firm Santiment talked about how XRP, Bitcoin, and Ethereum currently compare in terms of positive/negative sentiment. This indicator tells us whether an asset is seeing more bullish or bearish comments on major social media platforms.

The metric works by filtering social media posts/threads/messages for cryptocurrency-related terms and exposing them to a machine learning model that separates positive and negative sentiment. It then counts the number of posts in each category and determines the ratio between them.

When the Positive/Negative sentiment value is greater than 1, it means that the number of bullish comments exceeds the number of bearish comments. On the other hand, a decrease in the indicator below this level could indicate the dominance of negative moods among social media users.

Here is a chart provided by Santiment that shows the positive/negative sentiment trend for the three most critical cryptocurrencies: Bitcoin, XRP, and Ethereum.

As shown in the chart above, both Bitcoin and Ethereum have recently seen positive/negative sentiment drop to near-neutral levels. Bullish and bearish comments almost exactly cancel out the first one, which has an index of 1.05, while the second one is slightly dominated by positive sentiment, with a value of 1.4.

The analytics firm noted:

Cryptocurrency markets are struggling to maintain momentum, and social media data shows there is significantly less bullish commentary on Bitcoin and Ethereum compared to last week.

Meanwhile, the indicator has taken a completely different path for XRP. From the chart, we can see that positive/negative sentiment has recently seen a keen escalate for digital assets that rank fourth by market capitalization.

XRP has also been struggling recently like the rest of the market, so what’s behind the discrepancy? According to Santiment, this will most likely be a result of recent partnership expansion announcements.

A wave of bullish commentary over the past few days has pushed positive/negative sentiment to 2.35, a five-week high. However, if the past pattern is to pass, the excitement around the asset may not necessarily translate into the price of the cryptocurrency.

Overall, digital asset markets tend to move in a direction contrary to most expectations. From this point of view, Bitcoin and Ethereum, with their relatively feeble sentiment, may be better positioned for a rebound than XRP.

XRP price

At the time of writing, XRP is trading at around $1.39, up around 5% over the last seven days.