XRP and Dogecoin each fell 8% as on-chain data pointed to a potentially more favorable long-term setup for both tokens. According to NS3.AI, XRP’s 365-day MVRV reading stood at negative 11.75%, while Dogecoin’s was negative 19.26%.

Weekly spot XRP ETF inflows reached $38.06 million as of Sept. 23, while spot DOGE ETFs recorded $2 million in net inflows. The data suggests that despite the recent declines, both assets continued to attract fresh capital through exchange-traded products.