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XRP’s (CRYPTO: XRP) on-chain sentiment shows traders are heavily underwater, even as technical indicators are beginning to show early reversal signals.
XRP Traders Are Watching This Zone
Santiment data shows the average XRP trader active over the past 30 days is now down roughly 47%, pushing the token’s 30-day Market Value to Realized Value (MVRV) ratio to its lowest level since December 2020.
The analytics platform said the deeply negative MVRV reading suggests panic selling and retail capitulation may be reaching exhaustion levels.
Historically, MVRV readings tend to revert toward …
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