- XRP’s 30-day Market Value to Realized Value (MVRV) ratio has plunged to its lowest level since December 2020, indicating short-term traders are facing an average paper loss of roughly 55%.
- The 12-hour Moving Average Convergence Divergence (MACD) indicator remains firmly in negative territory, signaling continued bearish momentum and selling pressure for the cryptocurrency.
- Some analysts point to potential late-May catalysts, including a rumored Federal Reserve liquidity injection and the launch of 24/7 XRP futures trading on major exchanges, as reasons for a bullish shift.
XRP traders are suffering their deepest unrealized losses in nearly five years as the token’s price decline batters market sentiment, according to data from Santiment. The blockchain analytics platform explained that XRP’s 30-day MVRV ratio has entered an “extreme opportunity zone,” a condition historically reflecting heavy sell-offs and high fear.
Consequently, the average short-term XRP holder is now down approximately 55% on paper after repeated selloffs erased earlier gains. However, the token’s price was trading at $1.33, consolidating after a brief rally earlier in the year from a higher range.
Meanwhile, the technical setup remains fragile, with the 12-hour MACD deep in negative territory at -0.0187. Some crypto analysts on X are growing more bullish ahead of late-May events, citing key catalysts for a potential reversal.
For example, TheCryptoSquire pointed to an unverified rumor of a major Federal Reserve liquidity injection on May 28. Another analyst, Amonyx, mentioned the launch of 24/7 XRP futures on CME and Nasdaq starting May 29 as a major Wall Street on-ramp.
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