XRP is up nearly 5% over the past 24 hours, helping the token reclaim the $1.10 level. Despite the short-term recovery, it is still down more than 50% compared to its value a year ago.
New on-chain data suggests that the prolonged decline has pushed key bearer metrics to historically extreme levels.
Low risk buying window
According to Santiment, XRP holders are facing some of the weakest average returns in the history of the asset. The 30-day MVRV has fallen to -45%, while the 365-day MVRV has reached -47%, indicating that both short- and long-term bondholders are severely underwater.
For the first time in XRP’s nearly 12-year history, short- and long-term holders of XRP are facing record low average returns, showing that fear and frustration have reached unusually high levels. Santiment He said This does not rule out the possibility of further price declines if the broader cryptocurrency market remains under pressure.
However, from a risk-reward perspective, she believes that buying or increasing exposure to XRP now carries less risk than usual because much of the downside has already been absorbed by existing coin holders, a situation that has historically coincided with stronger market settings.
Meanwhile, cryptocurrency analyst Ali Martinez He said The SuperTrend indicator issued the first buy signal on XRP since mid-June. He explained that the previous buy signal was followed by a 14% rise, while the indicator also succeeded in identifying the last two significant declines of 19% and 16%.
XRP network activity has also increased, according to his previous analysis. Daily active addresses increased from 23,000 on June 14 to nearly 40,000, indicating stronger on-chain engagement.
Inflows after a short pullback
On the institutional side of things, US-based XRP ETFs Attracted More than $59 million in net inflows during the month of June. After two consecutive days of outflows, the funds returned to positive territory on July 3, bringing in $6.55 million.
Data from SoSoValue open The Bitwise ETF accounts for the largest share of today’s inflows.
this post The XRP signal has never looked worse, but is this the setup? (analyst) appeared first on CryptoPotato.
