XRP MVRV falls to 0.92, lowest among major altcoins as holders remain underwater

XRP’s 365-day Market Value to Realized Value (MVRV) has dropped to 0.92, marking its lowest level in over a year and placing most recent buyers firmly in negative territory. According to data from Santiment Intelligence, Dogecoin (DOGE) is the only other major altcoin with a similar pattern, showing a near-term MVRV score of 0.74. These subdued readings indicate minimal profit-taking incentive, as the majority of holders are currently experiencing unrealized losses. The latest market behavior suggests a low-risk demand area has formed around XRP’s present support levels.

Source: CoinTurk News