XRP Sentiment Hits 8-Month Low; Holders Add, Shorts Cluster

XRP sentiment fell to an eight-month low after the token lost about 22% over the past month, according to on-chain intelligence. The weighted sentiment metric combines social volume and the ratio of positive to negative commentary and reached levels not seen since October 2025.

Santiment attributes the sentiment decline partly to trader fatigue following years of anticipation for clearer regulatory outcomes for Ripple and broader institutional adoption. The platform’s data highlight lower online enthusiasm even as other on-chain indicators show accumulation.

Glassnode data show wallets that have held XRP for at least 155 days increased net positions during the pullback. Net position change for that mid-to-long-term cohort rose from roughly 144 million XRP on May 12 to about 262 million on June 11, with a small dip in late May.

Leverage data from CoinGlass indicate concentrated short exposure on exchanges. Cumulative short liquidations on Binance over the last 30 days total about $106.72 million, compared with roughly $57.95 million on the long side. Short positions are clustered between $1.18 and $1.24, a band that sits near current technical resistance.

XRP traded near $1.13 on the eight-hour chart and has formed an inverse head-and-shoulders pattern since early June. The pattern’s neckline is near $1.19. A technical measure of the pattern yields a projected target near $1.34 if price clears the neckline. Buying volume rose after June 11 while selling volume declined after June 10, according to market data.

Key technical levels include immediate support near $1.13, deeper support at $1.11 and $1.08, and a level at $1.04 that would invalidate the current bottoming pattern. Market participants will monitor whether accumulated holder positions and the clustered short exposure intersect with price action around the $1.19 neckline and the $1.18–$1.24 short cluster.