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The crypto market has swung wildly in recent weeks. Prices of cryptocurrencies like XRP, Ethereum, and Bitcoin have bounced around—first gaining momentum, only to suddenly hit the brakes hard.
While many large coins drift with market sentiment, Santiment highlights a striking exception: XRP. According to the analytics platform, this top-10 cryptocurrency is currently significantly ‘undervalued’.
XRP is the Only ‘Cheap’ Top-10 Crypto #
Amid the crypto turmoil, a key question arises: where does real value lie when the smoke clears? Santiment analysts point to XRP. They base their conclusion on data like the MVRV ratio, which indicates whether a cryptocurrency is expensive or cheap relative to its current market price based on historical purchase prices.
XRP’s MVRV ratio stands at -6.1%, suggesting it is ‘slightly undervalued’. This makes it relatively cheap compared to what investors have historically paid. In contrast, Bitcoin and Ethereum are ’neutral’ and ‘slightly overvalued’, respectively. Santiment explained in a post on X:
📊 The lower a coin’s 30-day MVRV is, the less risk there is in opening or adding on to your position for a swing trade.
➖ Negative percentages mean average traders are down money, and there is an opportunity for the coin to catch up.
➕ Positive percentages mean average…
The MVRV ratio shows the average XRP buyer is at a loss over the past month. While this sounds negative, it creates opportunities for swing trades—short-term strategies aiming to profit from price swings over days or weeks.
XRP Market Unusually Quiet: Calm Before the Storm? #
XRP, the token of U.S.-based Ripple, has seen significant behind-the-scenes activity this year. In September, Ripple announced partnerships with a top bank and a major investment firm. Recently, it also closed a key deal with a large Swiss bank.
Despite these developments, XRP has appeared unusually quiet in recent weeks. Binance derivatives data reflects this: traders aren’t building extreme positions. The ‘XRP Open Interest Z-score’ sits at 0.11, indicating ’neutrality’ and showing minimal deviation from recent averages.
Is a Big Impulse Coming for XRP? #
Euphoria in the crypto market is currently scarce, a point noted by Dutch crypto investor Didi Taihuttu. Yet, panic is also absent, allowing investors to rest easy this winter.
Is the market poised for a new crypto rally? Data reveals little extreme speculation—a stark contrast to earlier months when the Open Interest Z-score exceeded 3.0, signaling mass position-building. Now, total open positions in XRP perpetuals have dropped to about 545 million tokens, fewer than in November. Stable fluctuations suggest traders are waiting, holding existing positions rather than opening or closing new ones.
What the XRP Price Is Doing #
XRP’s price shows few surprises. It has fluctuated for months between $1.90 (support) and $2.10 (where selling pressure emerges). The Relative Strength Index (RSI) indicates a weak market, with some analysts noting ‘oversold’ signals on short-term timeframes. Investors view this as a potential buy signal if XRP stays above the $1.90 support zone, hinting at a short-term reversal.
Developments Around Ripple as Potential Catalyst #
Is XRP quietly gaining momentum? Crypto analysts are watching closely. Ripple’s developments, such as its RLUSD stablecoin, could act as catalysts. In November, RLUSD reached a $1.3 billion market cap, boosted by regulatory approvals in Abu Dhabi and expanding use cases. As the numbers hint at shifts before the masses catch on, XRP remains a cryptocurrency to watch.