🚨BREAKING: XRP traders just hit their WORST drawdown since the FTX collapse…
Average holders are down -41%
Lowest MVRV level since Nov 2022 crash
This is deep capitulation territory.
According to Santiment data, XRP’s MVRV ratio has dropped to levels last seen during the FTX collapse one of the most violent liquidation events in crypto history.
MVRV basically measures whether holders are in profit or loss.
At -41% average returns…
Most traders are underwater heavily.
That usually signals one of two things:
• Full panic phase (capitulation)
• Or early reset before accumulation
History shows extreme negative MVRV zones often appear near cycle lows — but timing recovery is never immediate.
Because in moments like this:
• Weak hands exit
• Liquidity thins out
• Volatility spikes both directions
And sentiment becomes the main driver, not fundamentals.
Data from analytics platform Santiment suggests this is one of the deepest negative readings since late 2022.
The key question now:
Is this final flush… or just mid-cycle pain?
Either way, markets are entering high-volatility territory again.
Extreme fear is back in XRP markets and historically, this is where long-term positioning quietly begins.
#XRP #Crypto #Bitcoin #Markets #Altcoins $XRP $BNB $XLM