The post XRP and Solana Among Cryptos Hit Hard by Negative Sentiment, Chance of Recovery? appeared on BitcoinEthereumNews.com.

Santiment reports negative sentiment on top cryptos like Solana, and XRP, as bearish crowd narratives grow amid market downturn. The latest data from market intelligence platform Santiment indicates a shift in crowd sentiment towards several top cryptocurrencies, including Solana (SOL), and XRP. As the broader crypto market experiences a downturn, these assets have garnered some of the most negative crowd narratives. Per Santiment, historically, assets with bearish sentiment often see an eventual rise.  😨 Chainlink, Ethereum, Bitcoin, Solana, and XRP are the assets the crowd has turned the most negative on during this mild crypto slump. Coins with the most bearish crowd narratives historically have the best chance of rising. Here are the 20 best candidates: 🪙1) #Chainlink… pic.twitter.com/9NzhjE0F0Z — Santiment (@santimentfeed) October 9, 2024 XRP Faces Uncertainty  XRP, in particular, has been the subject of increased negativity, despite a slight price increase of 0.78% in a day. Notably, XRP’s trading volume has dropped by 14.87% over the past 24 hours, while its market capitalization remains at $30.13 billion.  The sentiment weight for XRP currently stands at -0.33963, reflecting growing concerns among investors. These concerns stem largely from the legal case between the U.S. Securities and Exchange Commission (SEC) and Ripple.  The SEC’s recent filing of a Notice of Appeal has introduced fresh uncertainty to the market, with investors monitoring the next steps in the case. The submission of the SEC’s docketing statement within the appeal window could lead to significant price fluctuations for XRP.  Solana’s Bearish Sentiment  Similarly, Solana (SOL) has witnessed a downturn in sentiment, with a weighted score of -0.400815. Over the past week, Solana’s price has declined by 1.19%, and its trading volume has decreased by 25.41%, totaling $1.54 billion. Despite these struggles, Solana maintains a strong market capitalization of $66.23 billion. The market sentiment surrounding…

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Filed under: News - @ October 10, 2024 8:23 am