Ripple’s XRP Tumbles Again: Is This the ‘Blessing in Disguise’ Investors Were Waiting For?

Alongside the rest of the market, the popular cross-border token recorded minor gains at the start of the business week, but it failed to breach $1.95, and the subsequent rejection has driven it below $1.90 as of press time, which has been described as a key support level.

Given the overall market condition, the latest breakout failure, and XRP’s plunge of almost 50% since its all-time high in July, investors’ sentiment has turned bearish. In fact, the number of negative comments on social media regarding Ripple’s native asset has surged to “far more” than average, according to data from Santiment.