The current market sentiment seems negative, as the market has witnessed significant sell-offs worth $1.18 billion in the cryptocurrency field. This large sell-off has created fear among traders and investors, causing them to refrain from staying and participating in the asset. ( $220 million of XRP outflows ) Despite the concerns, it seems that long-term traders and coin holders are optimistic about XRP, as they have been buying millions of tokens during this price decline.