Average XRP a trader active in the last 30 days currently has a loss of roughly 47%, according to blockchain analytics firm Santiment. That figure comes from XRP’s 30-day market cap to realized value ratio, which has now fallen to its lowest point since December 2020.
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Santiment says such readings tend to return to 0% over time, placing the current level at what analysts describe as an extreme underrated zone.
Similar conditions in past market cycles have occurred before a strong price recovery, although the firm cautioned that a weak MVRV reading alone does not guarantee an immediate reversal.
📉 The average XRP trader active in the last 30 days is down a whopping -47%, with many selling at the bottom. Historically, MVRV (average trading returns) will always average 0%, making this current time an extremely undervalued zone for $XRP. The chart shows… pic.twitter.com/a0s4ObRpQu
— Santiment Intelligence (@SantimentData) May 26, 2026
Deeper decline in market depth
The data on traders’ losses comes together with a special finding on market liquidity. Analyst CryptoQuant Arab Chain reported that XRP’s 30-day liquidity index on Binance dropped at about 0.043 — the weakest reading since January 2020.
XRP liquidity on Binance has dropped to its 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 price.” – From @ArabxChain
Link ⤵️https://t.co/ugoh9111zo pic.twitter.com/oMYPDDzvtV
— CryptoQuant.com (@cryptoquant_com) May 26, 2026
For context, that same index rose above three during a period of stronger trading between 2022 and 2024, sometimes crossing four.
The decline in that number indicates a market that has thinned out significantly, with far fewer orders available to absorb large trades. Arab Chain said the decline suggests that speculative interest in XRP has faded and fresh money has slowed.
What low liquidity means for price
A thinner market can cut both ways. When there are fewer orders on the book, a large buy or sell can push the price sharply in either direction without much resistance.
However, the 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 susceptible to sudden moves.
XRP was trading near $1.34 at the time of analysis, having retreated from a recent high of $1.54. Crypto analyst CasiTrades noted that XRP has spent four months struggling to overcome the $1.65 resistance level, and the longer it remains below that level, the greater the risk of an eventual decline before any recovery takes place.
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Key levels to watch
CasiTrades highlighted $1.10 and $0.87 as the two key ones support zones this could come into play if selling pressure continues. A return to the $1.65 level and a hold above it would be the first clear sign of a stronger recovery, the analyst said.
XRP whale transactions worth over $1 million also fell 57% over nine days, based on separate reports, adding to the picture of slowing market activity.
Featured image from Unsplash, chart from TradingView
