XRP Holders Sit On Record Losses As Some Traders Eye A Buying Opportunity

XRP holders are underwater by a wider margin than at any point in the token’s history, according to onchain data that some traders are reading as a possible contrarian buying signal rather than a warning sign.

Losses Hit Historic Depths

The data comes from MVRV, a ratio comparing XRP’s current price to the average price at which its supply last changed hands. A negative reading means the typical holder is sitting on a loss. XRP’s 30-day MVRV sits near -45%, while its 365-day figure is around -47%, meaning both recent buyers and longer-term holders are deep in the red. Analytics firm Santiment said the combination marks the lowest point in XRP’s history.

Santiment described the setup as capitulation, the stage where holders facing steep losses sell out to buyers willing to absorb the coins. The firm framed it as a risk-reward observation rather than a prediction, noting that heavy losses are often already priced in when sentiment turns this negative, though further downside remains possible if the broader market weakens.

Price Climbs Despite The Pain

XRP has risen roughly 8% over the past week to around $1.14, making it one of the stronger performers among major tokens even as underwater positioning persists. Analysts have pointed to a similar pattern elsewhere, with large Bitcoin wallets accumulating during heavy ETF outflows, a dynamic often seen near cycle lows.

MVRV shows how washed out the market is, not when a turn will happen. Losses can stay stretched for a long stretch even if prices move sideways or lower, so traders are watching whether buying interest continues to build from here.