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XRP and DOGE are in relatively favorable buying zones based on on-chain indicators, according to on-chain analytics firm Santiment.
Santiment said DOGE’s latest 365-day MVRV (Market Value to Realized Value), an on-chain indicator that shows the market’s aggregate unrealized profit and loss, stood at around 0.74, highlighting notable average unrealized losses among investors versus major cryptocurrencies. XRP also posted 0.92, indicating recent buyers were on average sitting on losses. By contrast, the 365-day MVRV for BTC, ETH, and LINK ranged from 0.97 to 1.04, suggesting neutral conditions. With investors’ average profit and loss near break-even, no clear signal pointed to profit-taking pressure or the risk of large-scale capitulation. Santiment added that higher MVRV levels can coincide with increased profit-taking supply, while lower levels may indicate selling pressure is being exhausted.