1 month ago
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Key Takeaways
- XRP is currently trading near $1.10.
- Santiment reports record lows in 30-day and 365-day MVRV ratios.
- The price has pushed back above the 50-period and 100-period SMAs on the 4h chart.
- Still under all SMAs on the daily chart.
XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Current Market Context
On-chain data from Santiment indicates that both short-term and long-term holder cohorts currently hold significant unrealized losses, with 30-day and 365-day MVRV ratios at approximately -45% and -47%. The MVRV (Market Value to Realized Value) ratio serves as a critical thermometer for market sentiment; it essentially compares the current market price to the “average cost basis” of all tokens in circulation. When these fig...
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