XRP Shows Mild Undervaluation; Ethereum, Bitcoin MVRV Positive

Key Insights:

The 30-day MVRV Ratio indicates that XRP is in an undervalued zone, with a negative return of -6.1% for recent investors.
This metric tracks the profit-loss balance for traders within the past month, comparing market cap to realized cap.
Ethereum shows a positive 7.2% gain, suggesting profitability for new investors.
Bitcoin has a modest positive value at 2.4%, indicating near breakeven for 30-day traders.
Chainlink is nearly neutral with a ratio of -0.3%, while Cardano stands at -4.4%, reflecting losses.
High MVRV ratios can precede selloffs as investors seek to realize profits, whereas deep negative values may imply a potential bullish trend due to depleted profit-takers.
XRP remains the only cryptocurrency in the analysis currently in the undervalued zone, potentially signaling a buy opportunity.

Current XRP Price: As of now, XRP trades at $2.04, a 1.5% increase in the last 24 hours.