Santiment: XRP Traders Down 47%, MVRV Hits Multi-Year Low

Santiment reported that the average XRP trader is down roughly 47% over a 30-day window and that the token’s 30-day market value-to-realized value (MVRV) has fallen to its weakest level since December 2020. The firm published the data in recent weekly updates covering late May into July.

The MVRV metric compares current market price with the average price at which coins last moved. Santiment’s reading shows multi-year lows for short-term holders, a condition the firm says has often preceded short-term price recoveries when selling pressure thins.

Santiment also tracked social sentiment and said the balance of bullish versus bearish commentary flipped toward pessimism. The firm reported a bullish-to-bearish ratio near 1.1-to-1 and weighted social sentiment at multi-month lows. The same 47% average-loss figure first appeared in Santiment’s late-May snapshot and persisted into July.

Analysts at Santiment warned that weak MVRV readings are a necessary but not sufficient condition for a sustained recovery. The report said a durable rally would likely require renewed spot ETF inflows, clearer U.S. regulation, or fresh adoption catalysts tied to Ripple.

The firm added: “Fear and frustration among traders have reached rare extremes that have historically preceded strong rebounds.” The report noted such relief rallies can be headline-driven and temporary until broader market stability returns.

Some market observers point to a possible rebound toward $1.40 if buyers defend current support and momentum indicators improve. Santiment and other analysts cautioned that broader market weakness or delays in U.S. policy and ETF decisions could push XRP lower before any meaningful bounce.

Santiment framed the current setup as a dip-buy environment rather than a guaranteed turning point. Traders are likely to watch incoming regulatory news, ETF developments and on-chain inflows for potential catalysts that could convert short-term losses into broader price gains.