XRP’s Lowest Negative Point Is A Good Opportunity For Contrarian Investors: Analyst
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- Crypto analyst reported that Santiment’s weighted sentiment metrics for XRP have reached the lowest negative point since mid-May 2023.
- XRP is currently priced at $0.5739 after experiencing a 2.41% increase in one day.
- Indicators advise that XRP is trading sideways in between the $0.5800 upper band and $0.5543 lower band.
Sharing his insights with the crypto community, Ali, a crypto analyst, reported that Santiment’s weighted sentiment metrics for XRP have reached the lowest negative point since mid-May 2023. He further advises that this could be an intriguing signal for contrarian XRP investors, as it presents a unique opportunity in the market.
XRP, according to CoinMarketCap, is currently priced at $0.5739 after experiencing a 2.41% increase in one day. Despite the short-surge observed in 24 hours, XRP is still below its weekly opening market price of $0.6345. It seems that XRP’s weekly performance has pulled it into the red zone after witnessing a 9.54% tumble in seven days, at the reported time.
Looking at the above chart, it seems that XRP was heavily affected by the liquidation that happened in the fi…
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