Despite a potential "buy signal" for XRP, traders are reportedly panic selling. According to data from Santiment, XRP's 30-day Market Value to Realized Value (MVRV) is at -5.7%, which the analytics firm considers a potential "buy zone." This suggests the asset may be undervalued. The total stablecoin market capitalization recently reached a new high of over $311 billion, according to DeFiLlama data. CoinShares data indicates that XRP has seen institutional inflows of approximately $90 million this year. However, CoinGlass data puts XRP futures open interest at roughly $3.3 billion, large enough for forced liquidations to steer price action over short windows.

Despite a potential "buy signal" for XRP, traders are reportedly panic selling. According to data from Santiment, XRP's 30-day Market Value to Realized Value (MVRV) is at -5.7%, which the analytics firm considers a potential "buy zone." This suggests the asset may be undervalued. The total stablecoin market capitalization recently reached a new high of over $311 billion, according to DeFiLlama data. CoinShares data indicates that XRP has seen institutional inflows of approximately $90 million this year. However, CoinGlass data puts XRP futures open interest at roughly $3.3 billion, large enough for forced liquidations to steer price action over short windows.