XRP traders are sitting on deep losses for a short period of time, with Santiment Intelligence reporting that the 30-day MVRV indicator has fallen to its lowest level since December 2020. The on-chain analytics company described the move as a “very unexpected position” after months of selling pressure pushed buyers too soon underwater.
Santiment’s share chart tracks the price of XRP Ledger according to its 30-day and 365-day MVRVs on Sanbase. It shows XRP’s 30-day MVRV is about 47% off, while the 365-day reading is at a negative 36%. Santiment’s view shows the current position as an “opportunity”, in contrast to the previously promoted MVRV positions which are labeled as a risk position.
XRP Is At A Very Low Price Point
Santiment said the data shows that the average XRP trader who has been active for the past month has now dropped to the bottom, a level that has historically been associated with very attractive times.
Collaborative Reading
“The average XRP trader that has been active in the last 30 days is down -47% with many selling down,” Santiment wrote. “Historically, MVRV’s trading volume has always been 0%, making this period the least important place for XRP. The chart shows that MVRV’s 30-day XRP is now at its lowest since December, 2020, meaning that fear and frustration among traders they have reached a level rarely seen in history before a strong resurgence.”
MVRV, or market value to earnings, is widely used by chain analysts to determine whether shareholders are making unrealized profits or losses. For Santiment production, seriously MVRV is short Statistics show that recent participants in the market were washed out, reducing the amount of slow selling from traders who bought near the high point.
This is important because XRP’s recent decline followed a strong rally in late 2024 and early 2025, according to Santiment. The firm said many traders entered near local highs before settling, leaving long-term holders exposed as repeated selling reduced the stock. The result is a market where consumers are no longer underwater, but deep.
Santiment also tied the recent launch with many stories about XRP remaining active even after being rebranded. The company also said that there is continued expectation among investors during the long-term cycle legal progress, ETF Ideas and Ripple adoption storynoting that the brand has lost more than half its market value since last summer.
“Despite the massive price reversal that has seen XRP lose half of its market value since last summer, patient investors remain optimistic about the movement, ETF sentiment, and Ripple’s long-term story,” Santiment said. “XRP performed strongly in late 2024 and early 2025, which left many traders buying near local peaks before that.
An important question is whether a negative MVRV reading indicates fatigue or simply reflects the severity of the decline. Santiment did not present the metric as an indicator of downtime. In fact, it said that historically depressed MVRV levels have been seen when retail traders are very tired, creating conditions where less positive news can have an impact.
“The negative MVRV areas we’re seeing for XRP now look like sellers have given up, which means that even small triggers can lead to a recovery,” Santiment wrote. “While a weak MVRV reading does not guarantee a reversal, it often indicates that a significant sell-off has already occurred and the downside risk is lower than what would otherwise occur.”
At press time, XRP was trading at $1.33.
Graphic design by DALL.E, chart from TradingView.com
