XRP and Dogecoin Show Deep MVRV Discounts
XRP (XRP)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Santiment data reveals active investors in XRP and Dogecoin are currently in unrealized losses. The 365-day MVRV ratio indicates a steep discount for these assets compared to others. While BTC, ETH, and LINK show slight profits, XRP sits at -11.75% and DOGE shows a similar divergence. This split highlights the average trader active over the past year is sitting on a small profit for major coins but losses for XRP and DOGE.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 24 September 2026. Not the outlet's figures.
XRP is trading at $1.50 with a 24-hour buy ratio of 49.5%, indicating a near-even split between buyers and sellers. However, the 1-hour buy ratio has dropped to 44.3%, suggesting short-term selling pressure is increasing relative to the longer timeframe. The 4-hour buy ratio stands at 55.2%, showing that buying interest remains stronger over a slightly longer horizon than in the immediate hour. Volume delta reflects this dynamic, with a negative $1,515,703 in the last hour contrasting against a positive $3,749,217 over four hours. This indicates that while recent trades show more selling, the broader four-hour trend still favors net buying.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, XRP experienced a significant price increase of 15.5%. Spot volume surged to 1.66 times the average, signaling heightened activity compared to the usual 24-hour volume of $499,673,407. Despite this volume spike, the 7-day average buy ratio was 49.8%, which is only 0.3 points higher than today's reading. Net buying occurred on only 2 of the past 7 days, and the total volume delta for the period was -$603,498. This suggests that despite the price rally and volume surge, buying pressure was not consistently dominant throughout the week.