XRP Traders Deep in Losses as MVRV Hits Lowest Level Since 2020

The post XRP Traders Deep in Losses as MVRV Hits Lowest Level Since 2020 appeared first on Coinpedia Fintech News

XRP traders who were active over the past 30 days are down an average of 47%, pushing the token’s MVRV ratio to its lowest level since December 2020. The metric measures average trader profitability, and historically, deeply negative readings have appeared during periods of extreme fear and capitulation before major rebounds. Despite XRP losing more …