Santiment Says XRP and Ethereum Look “Undervalued” on 30-Day MVRV
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Santiment says XRP and Ethereum now sit in the “undervalued” zone based on the 30-day MVRV Ratio.
The firm notes that the 30-day MVRV has turned negative for Bitcoin, Ethereum, XRP, Cardano, and Chainlink, which suggests recent buyers are underwater.
XRP dipped to $1.8 on Sunday before bouncing back above $1.9, while Santiment’s chart shows ETH and XRP deeper in the red than Bitcoin.
On-chain analytics firm Santiment said in a new post on X that XRP and Ethereum are among the coins sitting in the 30-day MVRV Ratio “undervalued” zone.
The MVRV Ratio compares an asset’s market cap with its Realized Cap. Realized Cap values each token at the spot price when it last moved on-chain. Santiment describes this as a way to estimate how much capital investors have put into the asset. The market cap reflects what holders carry at today’s prices. That gap can hint at whether investors, as a group, sit in profit or loss.
In this case, Santiment focused on the segment that bought within the past month. In the chart it shared, the 30-day MVRV Ratio has moved into negative territory for Bitcoin, Ethereum, XRP, Cardano, and Chainlink. Santiment said this means monthly buyers have slipped into the red.
Santiment calls the setup “undervalued” when the indicator turns negative. The firm explained it this way: a negative reading means the average traders “you’re competing with” are down money, and that can create an entry window while profits sit below the usual “zero-sum game” level.
Santiment also said not every negative reading carries the same signal. The firm noted that the lower a coin’s 30-day MVRV is, the less risk there is in opening or adding to a position.
In the same post, Santiment said it treats readings down to -5% as a “mildly undervalued” zone. It listed Bitcoin at 3.7%. It listed XRP at -5.7% and Ethereum at -7.6%, which it framed as a stronger undervalued region. Among the coins in the chart, Chainlink showed the deepest pain for 30-day buyers, with losses of 9.5%.
XRP Price
XRP fell to $1.8 on Sunday, but the token has since climbed back above $1.9.
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The above content was completed with the assistance of AI and has been reviewed by an editor.
