XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway?
XRP has been navigating a volatile consolidation phase since late January, shedding over 40% of its value from its most recent all-time high. While the broader crypto market has struggled under the weight of macroeconomic uncertainty, XRP has managed to outperform many altcoins during this downturn. Several major altcoins have lost more than 60% of their value during the same period, highlighting XRP’s relative strength despite the ongoing correction. Related Reading: Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support? Global financial markets remain under....
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On-chain data shows the XRP Market Value to Realized Value (MVRV) Ratio has just gone through a crossover that may not be positive for the asset’s price. XRP MVRV Ratio Has Dropped Under Its 200-Day MA As pointed out by analyst Ali Martinez in a new post on X, the MVRV Ratio’s latest crossover may signal a macro trend shift for XRP. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between a given asset’s market cap and its realized cap. Related Reading: Bitcoin Bear Market Is Below This Level, Analyst Reveals The realized cap is a....
On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC. Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted as an important psychological level in the past. The “MVRV ratio” here refers to a popular on-chain indicator that, in short, compares the value that the investors are holding (that is, the market cap) against what they used to purchase the cryptocurrency (the....
The Bitcoin MVRV ratio, an on-chain indicator, could suggest the asset may not have hit its top for the current rally just yet. Bitcoin MVRV Ratio Says Market Isn’t Overheated Right Now According to data from the market intelligence platform IntoTheBlock, past bull markets hit their peaks when the MVRV ratio crossed the 300% mark. The “Market Value to Realized Value (MVRV) ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and realized cap. The “realized cap” here is a capitalization model for BTC that calculates the....
The MVRV indicator shows that Bitcoin currently hasn’t reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The Top Hasn’t Been Reached Yet As pointed out by a CryptoQuant post, on-chain data suggests MVRV ratio values are still low right now, implying that the coin hasn’t yet made the top. The Market Value to Realized Value (or MVRV in short) ratio is a Bitcoin indicator that’s defined as the market cap divided by the realized cap. MVRV Ratio = Market Cap ÷ Realized Cap The metric’s value tells us whether BTC’s....
Data shows the Bitcoin MVRV ratio has gone down recently, but the metric’s value is still above the historic bottom zone. Bitcoin MVRV Ratio Observes Decrease, But Value Still Greater Than 1 As explained by an analyst in a CryptoQuant post, BTC may still have room for further decline before the bottom is in. The […]