Featured News Headlines
XRP Price Moves Above $2 After Market Dip
Following the recent market downturn, XRP, along with several other cryptocurrencies, has begun a recovery phase. After briefly dipping to $1.83, XRP has returned to trade above the $2 level.
XRP the Least Undervalued Major Crypto
Blockchain analytics platform Santiment reports that among major cryptocurrencies, XRP is currently the least undervalued. Using the 30-day MVRV ratio, which compares the average purchase price of coins held by active wallets over the past month to the current price, Santiment found that XRP has experienced only a slight decline.
“XRP wallets show an average 30-day return of -4.7%, placing the asset in the ‘Very Slight Undervaluation’ zone,” Santiment noted.
By contrast, other major assets show deeper undervaluation: Cardano at -19.2% (“Extreme Undervaluation”) and Chainlink at -13.0% (“Strong Undervaluation”). Ethereum and Bitcoin are in the “Mild Undervaluation” zone, with -6.3% and -6.1% respectively.
Mild Downside Pressure for Recent Investors
As the least undervalued asset in the group, XRP has experienced less severe downside pressure compared to peers. While investors who purchased XRP in the last 30 days are still seeing small losses, the metric highlights relative stability among major cryptocurrencies.
“Assets with a negative MVRV ratio are more likely to stage a rebound than those with a positive ratio,” Santiment previously noted.
At the time of analysis, XRP was trading around $2.15, with 36.7% of the total supply (22.1 billion tokens) showing negative returns.
XRP Price Movement
Since then, XRP has slightly rebounded and is currently trading at $2.20, marking a 1.2% increase over the past day and 1.95% over the past week. Despite the short-term gains, XRP remains down 16.43% over the 30-day period, reflecting the ongoing market pressure.
