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\n\t\t\t\t\t\t\t\t\tXRP\u2019s historically low MVRV readings suggest much of the downside has already been absorbed.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
XRP climbed roughly 5% over the past 24 hours, which helped the token reclaim the $1.10 level. Despite the short-term recovery, it remains down more than 50% compared with its value a year ago.<\/p>\n
Fresh on-chain data suggests the prolonged decline has pushed key holder metrics to historically extreme levels.<\/p>\n
According to Santiment, XRP holders are experiencing some of the weakest average returns in the asset\u2019s history. Its 30-day MVRV has fallen to -45%, while its 365-day MVRV stands at -47%, which signals that both short-term and long-term holders are deeply underwater.<\/p>\n
For the first time in XRP\u2019s nearly 12-year history, both short- and long-term holders are facing record-low average returns, which demonstrates that fear and frustration have reached unusually high levels. Santiment said<\/a> this does not rule out the possibility of further price declines if the broader crypto market remains under pressure.<\/p>\n However, from a risk-reward perspective, it believes buying or increasing exposure to XRP now carries less risk than usual because much of the downside has already been absorbed by existing holders, a condition that has historically coincided with stronger market setups.<\/p>\n Meanwhile, crypto analyst Ali Martinez said<\/a> the SuperTrend indicator has flashed its first buy signal on XRP since mid-June. He explained that the previous buy signal was followed by a 14% rally, while the indicator also successfully identified the last two major declines of 19% and 16%.<\/p>\n XRP\u2019s network activity has also picked up, according to his earlier analysis. Daily active addresses have increased from 23,000 on June 14 to nearly 40,000, indicating stronger on-chain participation.<\/p>\n On the institutional side of things, US-based spot XRP ETFs attracted<\/a> more than $59 million in net inflows throughout June. After two consecutive days of outflows, the funds returned to positive territory on July 3, bringing in $6.55 million.<\/p>\n Data from SoSoValue revealed<\/a> that Bitwise\u2019s ETF accounted for the largest share of the day\u2019s inflows.<\/p>\nYou may also like:<\/h3>\n
Inflows After Brief Pullback<\/h2>\n
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