Key facts
- XRP holders are currently experiencing record unrealized losses, with MVRV ratios near -45% to -47%.
- Analytics firm Santiment suggests this phase of 'maximum pain' for holders could present a favorable risk-reward scenario.
- Despite the negative on-chain metrics, XRP has gained about 8% in the past week, trading around $1.14.
- The price increase indicates that selling pressure from holders with unrealized losses may be diminishing.
XRP holders are currently facing record unrealized losses, with both 30-day and 365-day MVRV ratios hovering around -45% to -47%. This indicates significant pain for both recent and longer-term buyers. According to analytics firm Santiment, this phase of capitulation, where weaker hands sell out, may present an attractive risk-reward entry point for new buyers. However, the firm cautions that this is not a definitive price call and that XRP could still decline if the broader market weakens.