XRP climbs 8% as record holder losses signal better risk-reward for buyers
CoinDesk·
60-second summary
XRP surges 8% as record holder losses signal better risk-reward for buyers, with the 30-day and 365-day MVRV near -45% and -47%, lows XRP has never reached before, according to Santiment. Traders interpret stretched losses as a contrarian signal, potentially indicating a buying opportunity. Market sentiment may shift, favoring bulls.
The token's 30-day and 365-day MVRV, a measure of how far holders are underwater, sit near -45% and -47%, lows Santiment says XRP has never reached before. Some traders read stretched losses as a contrarian signal.