Santiment: XRP, DOGE show buying opportunities based on on-chain data

XRP and DOGE are in favorable buying zones according to on-chain analytics firm Santiment. DOGE’s 365-day MVRV (Market Value to Realized Value) is around 0.74, indicating notable average unrealized losses among investors compared to major cryptocurrencies. XRP’s MVRV stands at 0.92, suggesting recent buyers are also on average at a loss. In contrast, BTC, ETH, and LINK have 365-day MVRV values ranging from 0.97 to 1.04, indicating neutral conditions. The average profit and loss for these cryptocurrencies are near break-even, with no clear signals of profit-taking pressure or large-scale capitulation risks. Santiment noted that higher MVRV levels can lead to increased profit-taking supply, while lower levels may suggest that selling pressure is being exhausted.

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