Does it really matter?
While $XRP FUD has reached extreme levels, Santiment noted that this level of FUD tends to spark bull rallies.
✍️ TL;DR: $XRP's sentiment at 8-month lows, but this level of FUD tends to spark bull rallies
📊 Metrics Used: Weighted Sentiment
🔗 Link to chart: https://t.co/pvfwaBtF9a
😒 $XRP sentiment has quietly fallen off a cliff. According to our weighted sentiment metric, which combines… pic.twitter.com/MBCBvO4w9c
— Santiment Intelligence (@SantimentData) June 11, 2024
Ironically, some of $XRP's strongest rebounds have occurred when the crowd became the most disinterested, Santiment said in its analysis. The combination of declining discussion volume and overwhelmingly negative commentary suggests that many traders have already moved on or lowered expectations significantly.
Yet beneath the surface, development activity, $XRP Ledger usage, tokenization initiatives, and institutional products continue advancing even as social media enthusiasm fades.
At the time of writing, $XRP was up 2.74% in the last 24 hours to $1.14 and 1.16% in the last seven days.
In positive news, $XRP has been recognized in Fortune Magazine's inaugural FortuneCrypto100, a ranking of the most influential projects shaping the future of blockchain.
Ripple expands partnership
Ripple recently announced that it was expanding its long-standing payments partnership with Bitso.
Bitso's regulated MXN-backed stablecoin, MXNB, will be issued on the $XRP Ledger and integrated into Ripple's Payments on DEX infrastructure, supporting enterprise stablecoin settlement across Latin America.
RLUSD and MXNB together will bring regulated USD and MXN liquidity to XRPL's Permissioned DEX, helping to enable real-world enterprise payment flows.