XRP has risen over 3% in the past 24 hours, with its price reclaiming the $1.13 level. After weeks of selling pressure, buying interest is beginning to return. On-chain valuation metrics and technical signals have also improved in tandem, prompting the market to reassess whether this rebound can evolve from a short-term recovery into a more sustained upward trend.
Santiment says MVRV is at a historical low.
On-chain data platform Santiment indicates that, according to the MVRV metric, XRP may be in a rare undervalued range not seen in years. Its 30-day MVRV is near -45%, and its 365-day MVRV is approximately -47%, suggesting that both recent buyers over the past month and long-term holders are currently experiencing significant unrealized losses.
Santiment also noted that, in XRP’s nearly 12-year trading history, the average returns during these two cycles have never simultaneously dropped to such low levels. Similar deep negative readings in the past typically occurred during periods of extreme market pessimism and were often seen as the selling pressure was nearing its end.
Although short-term volatility may still be influenced by the broader crypto market, the institution believes that most of the downside pressure within the current price range has likely been absorbed. This is also one of the reasons the market is once again discussing the potential for XRP’s valuation recovery.
A new SuperTrend signal has appeared
In addition to on-chain data, technical indicators have also shown new developments. Cryptocurrency analyst Ali Martinez noted that XRP’s SuperTrend indicator has generated a new buy signal for the first time since mid-June.
The report noted that this indicator has captured multiple trend changes during this cycle. Following a previous buy signal, XRP rose by approximately 14%; earlier sell signals corresponded to pullbacks of nearly 19% and 16%.
A single indicator cannot determine future price movements, but under the backdrop of low valuation and renewed short-term momentum, such signals typically attract increased attention from traders. As a result, the market is now observing whether XRP is transitioning from its prior distribution phase into a new accumulation phase.
Around $1.20 is the short-term focus.
From a price performance perspective, XRP has recently found support near $1.10, with a stronger rebound than in previous weeks. Analysts believe that as long as the price remains above $1.10 to $1.12, the current recovery structure has room to continue.
The key area to watch first is the $1.18 to $1.20 range, where price has previously encountered resistance multiple times. If the price breaks through this level effectively, the market structure could improve further, opening the potential for a subsequent move toward the $1.28 to $1.35 range.
If XRP fails to break through this resistance zone, it may return to a consolidation phase. However, volume, short-term momentum, and market sentiment have improved, indicating that selling pressure is weakening compared to the past several months.