Ripple and Cardano are showing deeper signs of undervaluation than Bitcoin, according to new on chain metrics from Santiment.
Bitcoin faced strong selling pressure over the weekend as macro conditions worsened. After the pullback, several cryptocurrencies have slipped back into undervalued territory, with XRP and ADA standing out among major assets.
XRP Shows Stronger Value Signal Than BTC
Santiment’s 30 day Market Value to Realized Value ratio is often used to assess risk when entering or adding to a position. Lower or negative readings suggest reduced downside risk, as the average trader is holding at a loss. The more negative the figure, the more attractive the potential entry point.
In contrast, a positive MVRV indicates that most traders are in profit, which raises the risk of buying at elevated levels. Higher positive values are considered increasingly risky.
In its latest data, Santiment placed XRP at a 30 day MVRV of minus 5.7 percent, marking it as undervalued and more discounted than Bitcoin, which registered minus 3.7 percent and was labeled only mildly undervalued.
Other major altcoins also appeared undervalued. Chainlink recorded the lowest MVRV at minus 9.5 percent, followed by Cardano at minus 7.9 percent and Ethereum at minus 7.6 percent.
XRP Enters Reaccumulation Phase
XRP has fallen nearly 4 percent over the past week after slipping below the $2 level. The token briefly tested support near $1.81 before rebounding to around $1.89 on Monday. Despite recent weakness, some analysts believe the broader structure remains bullish.
Crypto analyst ChartNerd highlighted a long term technical setup, noting that after a strong breakout in December 2024, XRP has spent the past year retesting a former seven year resistance trendline. The analyst described this period as a reaccumulation phase, similar to the structure seen in 2017 before a major rally. According to ChartNerd, holding this retest could support further upside.
