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<p>The post <a href="https://coinpedia.org/news/xrps-market-sentiment-hits-rock-bottom-post-hack-attempt/">XRP Hack Attempt Triggers Investor Panic, Market Sentiment Plummets</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>On January 14, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a>, a well-known cryptocurrency and the market’s darling, faced a unique challenge when an attempt to hack involving a $15 billion transaction unfolded. The incident involved an exploiter trying to make a massive 25 billion XRP payment to the <a href="https://coinpedia.org/exchange/bitfinex/">Bitfinex exchange</a>. </p> 
<p>Thankfully, the transaction did not occur, but confusion arose when the Whale Alert tracker mistakenly reported it as successful, causing concern in the crypto community. What next? Read on. </p> 
<h2 class="wp-block-heading" id="h-surge-in-negative-sentiment-for-xrp">Surge in Negative Sentiment for XRP </h2> 
<p>After the unsuccessful Bitfinex hack attempt, Santiment, a leading market intelligence platform, identified a notable increase in negative sentiment towards XRP. Traders, grappling with the implications of the substantial amount involved, feared a potential massive sell-off that could impact XRP’s market value.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Following an attempted (but failed) <a href="https://twitter.com/bitfinex?ref_src=twsrc%5Etfw">@bitfinex</a> hack using a “Partial Payments Exploit”, there is high negative sentiment toward <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>. The <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#altcoin</a>'s price performance has been middling in 2024. Along with a low <a href="https://twitter.com/hashtag/RSI?src=hash&amp;ref_src=twsrc%5Etfw">#RSI</a>, there is upside while <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw">#FUD</a> is high. <a href="https://t.co/QOPIKzD7sC">https://t.co/QOPIKzD7sC</a> <a href="https://t.co/M6u59SUVlN">pic.twitter.com/M6u59SUVlN</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1746989477854400801?ref_src=twsrc%5Etfw">January 15, 2024</a>
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<p>Santiment’s analysis pinpointed January 14 as one of the most adverse sentiment days for XRP in recent years, reflecting heightened apprehension within the crypto community.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripple-vs-sec-potential-3-billion-penalty-looms/">Ripple vs SEC : Potential $3 Billion Penalty Looms</a></p> 
<h2 class="wp-block-heading" id="h-all-hope-is-not-lost">All Hope is Not Lost! </h2> 
<p>Despite ongoing concerns, Santiment provides a glimmer of hope for XRP. Despite its less-than-impressive performance and a relatively low <a href="https://coinpedia.org/traders/relative-strength-index-rsi/">Relative Strength Index (RSI)</a> in 2024, Santiment suggests a potential upside for XRP investors. With an RSI at 42, they indicate a favorable risk-reward scenario, implying the possibility of upward movement despite lingering doubts.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/xrp-bulls-gaining-strength-will-they-push-the-prices-above-0-6-this-week/">XRP Bulls Gaining Strength: Will They Push the Prices Above $0.6 This Week?</a></p> 
<p>This is, without a doubt, a concerning time for XRP. Investors and traders are on high alert. As for you – stay tuned to Coinpedia for all the updates required! </p>

XRP Hack Attempt Triggers Investor Panic, Market Sentiment Plummets

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