According to U.Today, cryptocurrency analytics platform Santiment reports that XRP is currently experiencing its strongest bullish sentiment in 14 months. The Ripple-affiliated cryptocurrency recently decoupled from Bitcoin amid persistent rumors about settlement talks with the SEC. Traders are closely monitoring XRP as its Bollinger Bands have become the tightest they have ever been, indicating a potential explosive price move. Prominent cryptocurrency analyst Scott Melker has also predicted that XRP could be on the verge of another breakout.
Santiment has also noted that Solana traders remain bullish after the token outperformed the broader market in July. Even Bitcoin, the largest cryptocurrency, has experienced its strongest bullish sentiment in 16 months based on the number of positive social media posts, despite its sluggish price performance. On Thursday, Bitcoin's price dipped below the $63,000 level, dragging the rest of the cryptocurrency market down. XRP was the top laggard, plunging by as much as 7%.
Meanwhile, Santiment has observed that BNB is seeing less bullish sentiment and is largely being ignored by the community. Despite this, BNB has reclaimed the fourth place by market capitalization, surpassing Solana.