XRP and Dogecoin hit long-term MVRV lows as market cools

Long-term holders of XRP and Dogecoin are sitting on deep unrealized losses, with 365-day MVRV readings of -11.75% and -19.26% respectively, according to Santiment. Bitcoin, Ethereum, and Chainlink show slight gains. Analysts note that extreme MVRV discounts may signal reduced selling pressure and potential recovery opportunities. XRP fell over 7% in 24 hours to $1.48, while Dogecoin dropped 6.6% amid broader market pullback.