📊 XRP's MVRV has fallen into an unprecedented "panic zone"

According to CoinDesk, XRP has recently risen 8%, but behind the move there are some very interesting on-chain data points—

XRP's 30-day and 365-day MVRV have reached -45% and -47%, meaning that buyers over the past year are, on average, sitting on losses of nearly half. Santiment data shows this is an extreme level XRP has never previously reached in its history.

Simple explanation: MVRV is the ratio of market value to realized value. The more negative it is, the worse the losses for holders. Historically, extreme negative readings have often been bottom signals of "when others are fearful, I am greedy." Of course, it's not an absolute rule, but the data clearly suggests that the pain level for current XRP holders is truly unprecedented.

Another signal worth noting: BTC exchange deposits have suddenly spiked. Analysts warn that volatility may increase, and even voices calling for $53K have emerged. After the Non-Farm payroll data cooled down, market expectations for the Fed's policy are again in flux—short-term direction is indeed hard to judge.

One-sentence summary: On-chain data looks pessimistic, but extreme readings are often contrarian opportunities. The key is whether you can withstand the volatility.