Ethereum, XRP Sentiment Turns Bearish At Start Of October
Ethereum and XRP social sentiment turned bearish at the start of October, with bullish comments per bearish comment falling to 0.89 and 0.67, respectively, Santiment Intelligence data showed.
Social sentiment for Ethereum and XRP turned bearish at the start of October 2026, with negative comments outnumbering positive comments across major crypto communities.
Data from on-chain analytics firm Santiment Intelligence put Ethereum’s ratio of bullish to bearish comments at 0.89, its lowest level since June 7. XRP’s ratio fell to 0.67, its weakest reading since Aug. 17. The data covered discussions on X, Telegram, Reddit and other social platforms.
A ratio below 1 means that bearish comments outnumber bullish comments. The figures reflect a decline in online sentiment after months of stronger optimism around both tokens.
XRP holders have expressed frustration that institutional adoption announcements and continued inflows into spot exchange-traded funds have not pushed the token out of its recent trading range. XRP also fell below $1.50 as higher U.S. Treasury yields pressured cryptocurrency markets. The token has closed lower in eight of the past 13 Octobers.
Ethereum has also traded within a narrow range. Sellers have kept ETH between about $2,600 and $2,700, limiting attempts to move above nearby technical resistance. Other reported pressures include a 64% market-implied probability of a Federal Reserve rate increase and regulatory uncertainty after the CLARITY Act failed in mid-September.
Santiment Intelligence described extreme pessimism as a possible contrarian indicator. The firm has linked lower social activity and widespread fear with the removal of leveraged speculative positions, which can occur near market bottoms.
The firm also identified factors that could affect the two tokens. Ethereum could receive support from continued institutional buying through exchange-traded funds if retail selling intensifies. For XRP, concerns about future escrow releases may already be reflected in the price, leaving the token sensitive to favorable regulatory news.
Santiment cautioned that bearish sentiment does not ensure a price recovery. Investors would still need to assess market structure, technical support levels and trading risks before taking a contrarian position.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
