NewsCryptoXRP and DOGE Show Deep MVRV Discounts as Prices Recover

XRP and DOGE Show Deep MVRV Discounts as Prices Recover

Author: Cryptofrontnewsยท

Key Takeaways

  • โ€ขXRP's 365-day MVRV reading stands near -11.75% and Dogecoin's around -19.26%, leaving both below zero despite the recent market rebound, according to Santiment.
  • โ€ขBitcoin, Ethereum and Chainlink post slightly positive 365-day MVRV readings, indicating their average traders over the past year hold small profits.
  • โ€ขXRP climbed from roughly $0.70-$0.80 in mid-September to about $1.52 before a rejection near $1.50-$1.52 pushed it back toward $1.40-$1.45.
  • โ€ขXRP's Relative Strength Index has dropped to 51.13 from above 70, leaving momentum near neutral after the sharp rally.
  • โ€ขThe $1.52 level remains key near-term resistance for XRP, with $1.45, $1.40 and the $1.30-$1.35 zone serving as support levels.
XRP and DOGE Show Deep MVRV Discounts as Prices Recover

XRP and Dogecoin (DOGE) remain below zero on the 365-day Market Value to Realized Value (MVRV) metric despite the recent cryptocurrency market rebound, according to Santiment. XRP's reading stands near -11.75%, while DOGE sits around -19.26%, compared with slightly positive readings for Bitcoin (BTC), Ethereum (ETH) and Chainlink (LINK). The MVRV measure describes the profitability position of holders and does not, by itself, establish the direction or timing of future price moves.

XRP and DOGE Remain Below Zero

Santiment said lower MVRV readings generally mean fewer profitable holders remain ready to sell. The metric compares an asset's market value with the realized value of its holders. Among the assets highlighted by Santiment, XRP and DOGE carry the deepest negative readings, meaning their average long-term traders remain underwater despite the recent recovery.

By contrast, BTC, ETH and LINK post 365-day MVRV readings slightly above zero, indicating that their average traders active over the past year hold small profits, per Santiment. The gap places XRP and DOGE further below the zero line than the other coins discussed. Santiment also noted that deeper holder losses have historically offered different long-term market setups. For XRP and DOGE, the next data point to watch is whether their MVRV readings move back toward zero as prices recover, alongside the price levels identified below.

XRP Price Retreats From $1.52

XRP climbed from roughly $0.70-$0.80 in mid-September before accelerating after September 19. The price moved through $0.90, $1.00 and $1.20 before reaching about $1.52.

The latest candle opened at $1.4943 and reached $1.5194. It later fell to $1.4877 before closing at $1.5007, a gain of 0.44%. However, the rejection near $1.50-$1.52 pushed XRP back toward $1.40-$1.45. Price later recovered toward $1.50, keeping that area as an immediate pivot. Trading volume currently stands near 20.92 million. Over the measured period, XRP shows an 18.99% gain against DOGE's 18.33%.

XRP Momentum Cools After Sharp Rally

XRP's Relative Strength Index (RSI) has dropped to 51.13 after previously moving above 70. Its moving average remains higher at 66.00, leaving the current RSI near neutral territory.

The $1.52 level remains the key near-term resistance, and a move above it could place $1.60 on the price map. On the downside, $1.45 remains an important support level, followed by $1.40 and then the $1.30-$1.35 region.

Santiment's MVRV data keeps XRP and DOGE below zero, while BTC, ETH and LINK remain slightly above the zero threshold.