Santiment Finds Bitcoin, XRP Enter ‘Good Buy Zone’ Amid MVRV Drop

On-chain analytics firm Santiment has identified that Bitcoin, XRP, and other cryptocurrencies have entered a "buy zone" based on the 30-day MVRV Ratio.

Key Insights:

The Market Value to Realized Value (MVRV) Ratio measures the ratio between an asset's market cap and its Realized Cap, offering insight into investor profit and loss.
A 30-day MVRV Ratio below 1 indicates a dominance of losses among recent investors.
Recently, Bitcoin buyers are approximately 11.5% underwater, while XRP buyers face about a 10.2% loss.
Ethereum, Cardano, and Chainlink investors have suffered greater losses at 15.4%, 19.7%, and 16.8%, respectively.
Santiment suggests that extreme negative trade returns may indicate potential for recovery.

XRP is currently priced around $2.18, having declined over 11% in the past week.