The average XRP The trader who was active in the last 30 days is currently facing a loss of approximately 47%, according to blockchain analytics firm Santiment. That figure comes from XRP’s 30-day market value to realized value ratio, which has now fallen to its lowest point since December 2020.
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Santiment says these types of readings typically return to 0% over time, putting the current level at what analysts describe as an extreme level. undervalued region.
Similar conditions have occurred in previous market cycles ahead of strong price rebounds, although the company cautioned that a weak MVRV reading alone does not guarantee an immediate turnaround.
📉 The average XRP trader active in the last 30 days is down a whopping -47%, with many sales at the bottom. Historically, MVRVs (average trading returns) will always average 0%, making this time an extremely undervalued zone for $XRP. The graph shows… pic.twitter.com/a0s4ObRpQu
— Santiment Intelligence (@SantimentData) May 26, 2026
A deeper drop in market depth
The traders’ loss data comes along with a separate finding on market liquidity. CryptoQuant analyst Arab Chain reported that XRP’s 30-day liquidity index is on Binance decreased to around 0.043 – the weakest reading since January 2020.
XRP liquidity on Binance falls to the lowest level since January 2020
“Liquidity at these low levels could make the market more sensitive to sudden price movements, as large orders can have a greater impact on the price.” – By means of @ArabxChain
Link⤵️https://t.co/ugoh9111zo pic.twitter.com/oMYPDDzvtV
— CryptoQuant.com (@cryptoquant_com) May 26, 2026
For context, that same index climbed above three during periods of stronger trading between 2022 and 2024, sometimes exceeding four.
The collapse of that figure points to a market that has thinned significantly, with far fewer orders available to process large trades. Arab Chain said the decline indicates that speculative interest in XRP has faded and new money has slowed.
What low liquidity means for the price
A thinner market can cut both ways. When there are fewer orders in the book, a big buy or sell can push the price sharply in either direction without much resistance.
However, Arab Chain made it clear that low liquidity in itself does not indicate a bullish or bearish outcome; it simply means that the market is more sensitive to sudden movements.
XRP was trading around $1.34 at the time of the analysis, having pulled back from a recent high of $1.54. Crypto analyst CasiTrades noted that XRP has struggled for four months to break the $1.65 resistance level, and the longer it stays below that level, the greater the risk of a final decline before any recovery occurs.
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Important levels to watch
CasiTrades pointed out $1.10 and $0.87 as the two key words support zones that could play a role if selling pressure continues. A recovery from the $1.65 level and a hold above would be the first clear sign of a stronger recovery, the analyst said.
XRP whale trades worth more than $1 million have also fallen 57% in nine days, based on separate reports, adding to the picture of slowing activity in the market.
Featured image by Paul Thuysbaert/Stone/Getty Imageschart from TradingView