XRP May Be Nearing a Reversal as MVRV and Holder Metrics Shift

XRP has traded below a persistent downtrend line that began at the start of the year and remains under pressure amid the broader market pullback, currently holding around $1.42 above critical support at $1.36. The Market Value to Realized Value (MVRV) Extreme Values indicator has stayed below 1.0 for an extended period, a condition that can signal the asset is undervalued relative to its historical cost basis and reflect short-term holder capitulation.

Green bars in the MVRV model suggest XRP may be approaching a bottom; a similar setup in July 2024 was followed by a 51% surge within days. On-chain data shows addresses holding at least 10,000 XRP have begun to stabilize after the largest drop since December 2020.

This cohort of mid-sized holders often follows accumulation by larger investors, and renewed participation can reflect growing conviction in price stability and potential upside.

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