XRP has shown the strongest optimistic sentiment on social media among major cryptocurrencies, the data showed.

On July 14, blockchain outlet Decript reported that on-chain analytics firm Santiment said XRP's ratio of positive to negative comments was 3.02 to 1, the highest among three major cryptocurrencies it tracks.

Ethereum followed at 2.31 to 1, while Bitcoin was closer to neutral at 1.40 to 1. Santiment assessed that market sentiment has shown a move out of a fear phase, but optimism has not spread evenly across major assets. It said XRP has entered a "major FOMO zone" and Ethereum has shown a weak level of FOMO.

The bullish sentiment diverged from price moves. Bitcoin and Ethereum gave back early gains on Monday, and XRP also faced selling pressure despite improving social sentiment. XRP rose to $1.1180 three days ago but later slipped to a level slightly above $1.05. It has fallen 5.56 percent over the past week and more than 6 percent over the past month.

Santiment warned that the more optimism rises while prices are weak, the greater the short-term downside risk could become. "The crypto market generally moves opposite to the direction that the crowd strongly expects," Santiment said. It added that if excessive bullish sentiment around XRP or Ethereum continues while prices are falling, a recovery could be delayed or lead to additional selling pressure.

Unlike XRP, Ethereum has maintained an upward trend over the past week and has gained 6.24 percent over the past month. Since the start of the year, however, it has fallen 40 percent, while XRP has dropped more than 42 percent over the same period. Bitcoin, by contrast, showed relatively balanced sentiment. Bitcoin is trading around $62,500 and has fallen 1.2 percent over the past week and 2.7 percent over the past month.

Santiment said markets often have room to rise when retail investor optimism is not excessive. Bitcoin had earlier neared $65,000 but has recently been pushed back. The assessment was based on the "positive-to-negative comment ratio" indicator, which tracks bullish and bearish discussions on social platforms related to major cryptocurrencies.