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XRP climbs 8% as record holder losses signal better risk-reward for buyers

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(Pixabay, modified by CoinDesk)

XRP holders are underwater by more, on average, than they have ever been, according to onchain data that some traders treat as a contrarian floor signal.

Key facts

Summary

Onchain data show XRP holders are sitting on record unrealized losses, with both 30-day and 365-day MVRV ratios near minus 45% to 47%, indicating deep pain for recent and longer-term buyers. Analytics firm Santiment says this capitulation phase may offer an attractive risk-reward entry point, though it stresses this is not a price call and that XRP could still fall if the broader market weakens. Despite the depressed MVRV readings, XRP has risen about 8% over the past week to roughly $1.14, suggesting selling pressure from underwater holders may be largely exhausted as traders watch whether new buyers keep stepping in. The reading comes from MVRV, or market value to realized value, a ratio that compares XRP's price with the average price at which its supply last moved.

Read full article at CoinDesk →

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