Key Takeaways:
Santiment reports that active XRP Ledger wallets saw average returns plummet to minus 41% over the past year. The XRP MVRV ratio hit its lowest since the 2022 FTX crash, signaling a deep industry undervaluation zone. Analysts eye a potential relief rally for XRP to reclaim its $2 threshold if historical patterns hold. Historical MVRV Lows Point to a Major ReversalIn a post on X, regarding the MVRV decline, Santiment doubled down on the narrative that extreme negative MVRV levels often precede major trend reversals.
The firm highlights that when the market enters “blood in the streets” territory, the risk of further downside is often statistically lower than the potential for a relief rally, as the most shaky hands have already capitulated.
