XRP rises 8% as holder losses hit historic lows, sparking contrarian interest

XRP has gained 8% amid growing interest from contrarian traders watching key on-chain metrics. The token's 30-day and 365-day MVRV ratios have fallen to approximately -45% and -47% respectively, levels that analytics firm Santiment says are unprecedented for XRP. MVRV measures the extent to which holders are sitting on unrealized losses. Some traders interpret such historically stretched losses as a potential signal that selling pressure may be exhausted, improving the risk-reward outlook for new buyers.