Cryptocurrency markets show a divergence in trader sentiment, with Ethereum and XRP experiencing elevated levels of bullish optimism while Bitcoin sentiment remains more balanced. According to market intelligence firm Santiment, XRP’s bull-to-bear ratio reached 3.02 and Ethereum’s hit 2.31, placing both in “slight FOMO territory.” In contrast, Bitcoin posted a ratio of 1.40, indicating neutral trader sentiment. Despite the enthusiasm, prices have struggled to sustain momentum, with Santiment warning that crypto typically moves opposite to crowd expectations. Bitcoin’s calmer sentiment may offer more room for a rally, while heavy optimism around XRP and Ethereum could limit their near-term recovery.
Trader sentiment toward Ethereum and XRP has surged to five-week highs, according to market intelligence firm Santiment. The firm reported that XRP’s bull-to-bear ratio stood at 3.02, meaning more than three positive online posts for every negative one. Ethereum’s ratio was 2.31, described as “slight FOMO territory.” Bitcoin’s ratio was significantly lower at 1.40, suggesting relatively neutral sentiment.
Both Bitcoin and Ethereum opened Monday relatively strong but faded as the day progressed. Santiment noted that “crypto typically moves opposite to what the crowd is loudly expecting” and warned that “when traders get too bullish on XRP or ETH while prices are already dipping, it can create short-term downside risk or at least slow the rebound.” The firm argued that Bitcoin’s flatter reading may give it more room for a rally since the crowd has not fully bought into the “higher prices next” trade.
Trader Xaif Crypto echoed that assessment, stating that Bitcoin’s calmer sentiment “means more room to run,” while heavier optimism surrounding XRP and Ethereum could limit their immediate recovery. XRP traded around $1.07, a roughly 5% drop over the past week. Analyst Cryptorphic noted that the token remains vulnerable below the $1.08 resistance level, with lower prices appearing likely.
Ethereum held closer to $1,800, gaining 1% over one week and more than 6% over the past month. Bitcoin dipped below $63,000 after rebounding from around $57,700 earlier in July. Wallets holding between 10,000 and 100,000 BTC added 11,000 BTC in the last week, suggesting dip demand remains active despite choppy trading.
On-chain data for XRP showed cooling institutional activity. Spot XRP ETFs recorded their first week of net outflows in more than two months. Large XRP transactions over $1 million dropped from 70 to just 2 in about a week, while wallet creation on the XRP Ledger slowed compared with earlier in the year.
