Bullish sentiment surrounding XRP and Ethereum has surged to its highest level in five weeks, according to data from market intelligence platform Santiment, creating a potential contrarian warning for both assets. The firm’s latest update, published on July 13, revealed that XRP’s bull-to-bear ratio reached 3.02, meaning more than three positive social media posts for every negative one. Ethereum followed with a ratio of 2.31, what Santiment described as “slight FOMO territory.” In contrast, Bitcoin (BTC) sat at a much more neutral 1.40, indicating balanced crowd sentiment.
The spike in optimism comes even as prices have struggled to build upward momentum. Both BTC and ETH opened the week relatively strong but faded as the day progressed on Monday. Santiment noted that markets tend to move opposite to what the crowd loudly expects, warning that excessive bullishness on XRP and ETH while prices are already dipping could create short-term downside risk or at least prolong the recovery. The platform’s analysis echoes a recurring pattern where sentiment extremes often coincide with local price peaks, leaving late buyers vulnerable to reversals.
On the technical front, XRP had slipped below the $1.08 resistance level highlighted by analyst Cryptorphic and was trading around $1.07, marking declines of roughly 5% over the past week and nearly 7% over the past month. Ethereum, meanwhile, held closer to $1,800, having managed a modest 1% weekly gain and over 6% in the last 30 days, though it also failed to sustain a weekend break above $1,800. Several traders now see Bitcoin’s calmer sentiment as a relative advantage, with trader Xaif Crypto arguing that it “means more room to run,” while the heavier optimism around XRP and ETH could limit their immediate recovery.
Underlying on-chain and institutional data further complicate the picture for XRP. Spot XRP ETFs recorded their first week of net outflows in over two months, and large transaction count—those exceeding $1 million—plummeted from 70 to just 2 within about a week. Wallet creation on the XRP Ledger also slowed compared to earlier in the year. These cooling metrics suggest that while retail traders have become euphoric, institutional and whale appetite may be waning, adding weight to the contrarian caution flagged by Santiment.
