According to Santiment, XRP holders are sitting on record unrealized losses, with both 30-day and 365-day MVRV ratios near -45% and -47% respectively. The MVRV ratio compares XRP's current price with the average price at which its supply last moved, and when it sits below zero, typical holders are carrying losses. As per Santiment, these readings are at their lowest levels in XRP's history, describing a capitulation phase where holders sit on steep unrealized losses. The analytics firm notes that the best setups often appear when the crowd is feeling maximum pain, suggesting that so much downside has already been taken on that adding here carries less risk than usual.
According to reports from AMBCrypto, Ripple [XRP] has experienced significant aggressive buying activity from derivatives traders. The taker buy-sell ratio, which tracks aggressive buying to selling volume in perpetual swap markets, reached its highest level in 2026. This rising metric denotes increased taker buying activity, which typically pushes prices higher. The influx of demand contributed to a 5.35% price bounce in the past 24 hours, with the 7-day moving average of the ratio back above 1. Despite the depressed MVRV readings, XRP has risen about 8% over the past week to around $1.14, suggesting selling pressure from underwater holders may be largely exhausted.
As reported by AMBCrypto, while aggressive buying increased, the Coin Days Destroyed (CDD) metric saw a significant spike, marking the biggest increase since April. The CDD tracks volume-weighted age of coins spent in a day, with higher values indicating high volume of previously-dormant coins moved likely for selling. This spike alongside the price bounce suggested holders used the XRP price bounce above $1.10 to take profits. Despite the selling pressure, the $1 psychological support level has not been ceded to the bears.
According to AMBCrypto, wallet activity data showed encouraging signs of accumulation despite short-term price movements. The 7-day net depositing/withdrawing wallet count fell to -6,210 on June 30, indicating a shift from net depositing to net withdrawal environment. However, the percent of supply held by the top 1% holders decreased from 87.98% to 87.87% throughout June, though this remains above the 87.57% level from January. The 1 billion XRP unlock recently reported raised questions about market absorption capacity, but the supply has not yet overwhelmed the $1 support level.
As reported by Santiment, the current MVRV readings suggest that selling pressure from underwater holders is largely spent, and traders should monitor whether buyers continue to step in. The firm stresses that this represents a risk-reward point rather than a price call, noting that while the gauge shows how washed out positioning is, it doesn't indicate when a turn will occur. The pattern fits onchain analysts' recent observations of large bitcoin wallets accumulating through record ETF outflows, suggesting a capitulation-and-absorption setup that tends to form near cycle lows rather than tops. However, Santiment cautions that none of that signals a confirmed bottom, as stretched losses can stay stretched while a market grinds sideways or lower.
