XRP, ETH Sentiment Hits August Depths: Bullish?

October’s festivities are kicking off with a crowd turning on major-cap altcoins like Ethereum (ETH) & Ripple’s native XRP. Santiment’s latest social blockchain data reveals an especially drastic dip in positive XRP commentary, with the bullish-to-bearish commentary ratio sinking to 0.67 - the lowest level since August 17, 2026.

That includes social media posts & comments across Reddit, X, Telegram channels and other social platforms with active crypto community participation. Santiment’s real-time metrics are said to be designed to capture exactly these shifts in crowd emotion, especially when conversation becomes unusually one-sided.

This creates the perfect contrarian setup. If traders are convinced that the price of XRP or ETH is going considerably lower, it typically suggests that the hardest selling has been already done. Judging from historical price movement data, the straightforward “buy the dip” narrative rarely produces the same results as this.

Stronger fear and way quieter optimism are typically the perfect combination for both retail and crypto whales to enter at more attractive conditions, marking the local bottoms more precisely. 

Conversely, Santiment Intelligence doesn't state a bounce back will occur in days: “The mood is now very different from periods when everyone expected prices to keep climbing.” With fear returning and technical on-chain signals remaining healthy, this divergence enables a contrarian setup XRP’s bulls have been longing for.

On the way up, XRP’s price now has a triple-resistance to overcome. The OG altcoin seems to have successfully bounced off the upper boundary of the $1.32 - $1.49 micro support on Friday. Now, the first resistance lies at $1.67, coinciding with the September 23, 2026 XRP price high. If that clears, $1.93 & $2.25 are back in play.

On Friday, Ripple’s native XRP coin is following Bitcoin’s (BTC) ascension towards $86.6K as macro conditions ease with Crypto’s Global Fear & Greed Index sitting on the greedy side at 72. This kind of shift after a flurry of negative social commentary implies the majority of traders saw last month’s plunge to $1.29 as the local bottom.

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