XRP, DOGE Flash ‘Lower-Risk’ MVRV—Santiment Says Past‑Year Buyers Are Underwater
According to Santiment’s latest on‑chain data, Dogecoin and XRP now sit in what it describes as historically more favorable, lower‑risk zones by one key metric.
What Santiment sees
Santiment’s 365‑day Market Value to Realized Value (MVRV) shows Dogecoin around 0.74 and XRP near 0.92, implying that those who bought over the past year are, on average, sitting on unrealized losses rather than gains. Santiment characterizes these readings as more favorable compared with stretches when holders sit on large profits.
How MVRV is used
MVRV gauges whether investors, on average, hold profits or losses. Santiment notes that higher readings can signal rising profit‑taking risk, while lower readings can suggest selling pressure is closer to exhaustion. The firm also cautions that such signals do not guarantee a rebound.
BTC, ETH, LINK look more neutral
By the same 365‑day MVRV lens, Bitcoin, Ethereum, and Chainlink range roughly from 0.97 to 1.04, which Santiment says places average holders near breakeven—closer to a neutral setup than DOGE and XRP.
Macro context cited by Bitunix and Reuters
Bitunix says crypto’s backdrop remains sensitive to geopolitical tensions and interest‑rate uncertainty, citing a standoff between Washington and Tehran and the potential for oil‑supply disruption. Bitunix adds that the key test is whether energy costs, rate expectations, and AI‑related investment risks deteriorate at the same time: “If they do, markets may need to reprice growth expectations, financing costs, and capital allocation, increasing the potential for volatility across risk assets.”
Bitunix also points to mixed cross‑asset signals, saying the S&P 500 is relatively close to its record high while the Philadelphia Semiconductor Index is down about 14% since October 6. Separately, a Reuters poll is cited saying economists expected rates to hold at 3.75%–4.00% at an October meeting, with all 100 respondents anticipating another hike in December.