MVRV

Santiment analysis identifies XRP as the sole undervalued top-10 cryptocurrency, with an MVRV ratio of -6.1%, while Bitcoin and Ethereum remain neutral or overvalued. Despite quiet market conditions and stable derivatives data, Ripple’s developments, like its RLUSD stablecoin growth, could act as catalysts for XRP’s price movement.

Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.