The 365-day MVRV indicators of XRP and DOGE are still in the negative range, and long-term holders have not yet been released.
Despite the recent rebound in the crypto market, XRP and DOGE are still below the zero-axis on the 365-day MVRV (Market Value/Realized Value) indicator compiled by Sanitation Intelligence. Among them, the MVRV of XRP is about-11.75%, while DOGE is as low as-19.26%; in contrast, this indicator is slightly positive for BTC, ETH and LINK.
Interpretation of the MVRV indicator: Reduction in profit orders
Sanitation points out that lower MVRV readings usually mean fewer profit holders are ready to sell. The indicator measures profitability by comparing the market value of an asset with the realized value of its holders. Among the assets focused on by Sanitation, XRP and DOGE showed the most significant negative readings.
Despite the recent market recovery, the average long-term trader of these assets is still losing money. At the same time, 365-day MVRV readings for BTC, ETH and LINK were just above zero. Sanctuary said traders who were active over the past year are now holding small profits. This difference allows XRP and DOGE to be positioned further below the zero axis than the other currencies in question. Santiment also noted that historically deeper holder losses tend to provide different background conditions for long-term market structure.
XRP prices dropped from a high of $1.52
XRP began climbing from about $0.70-$0.80 in mid-September and accelerated after September 19. The price broke through $0.90,$1.00 and $1.20 before finally hitting a high of around $1.52. 
最新一根K线开盘价为$1.4943,最高触及$1.5194,随后回落至$1.4877,最终收于$1.5007,涨幅为0.44%。然而,在$1.50-$1.52区域遭遇阻力后,XRP价格向$1.40-$1.45区间回调。随后价格再次回升至$1.50附近,使该区域成为近期的关键 pivot 点位。目前交易量约为2092万枚。在此期间,XRP相对DOGE的涨幅为18.99%,而DOGE自身的涨幅为18.33%。
XRP动能在剧烈反弹后降温
此前RSI曾突破70,目前已回落至51.13。其移动平均线仍保持在较高的66.00水平,当前RSI处于中性区域。$1.52仍是关键的短期阻力位。若能有效突破该位置,下一个目标价位可能指向$1.60。然而,$1.45仍是重要的支撑位。若跌破该支撑,图表显示下一支撑位于$1.40,随后是$1.30-$1.35区域。
Santiment的MVRV数据继续显示XRP和DOGE处于零轴下方,而BTC、ETH和LINK则略高于零轴阈值。

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