Yes

>>XRP active wallets are experiencing an average loss of 41% as the MVRV ratio sinks to its lowest point since 2022.

XRP active wallets are experiencing an average loss of 41% as the MVRV ratio sinks to its lowest point since 2022.

crypthub

about 4 hours ago

On-Chain Data Indicates Major Losses

XRP price faces continued pressure due to extensive holder losses. The MVRV ratio has fallen sharply, reaching low points not seen since late 2022. This metric confirms that a majority of market participants are currently underwater. Supply data shows that most of XRP's circulating supply is held at a loss.

Bearish Trend and Potential Reversal

The decline is accompanied by significant selling pressure and sustained outflows. Historically, deeply negative MVRV levels often precede late-stage corrections. The current setup aligns with an accumulation range, similar to what occurred in December 2022. This pattern was followed by a substantial price recovery months later.

Market Weakness and Price Decline

XRP has recorded six straight months of price losses since October 2025. This long streak of decline mirrors historical periods before strong recovery phases. The asset has significantly underperformed compared to major market assets. Continued weakness and downward momentum place pressure on price stability.