XRP Price Maintains Endless Hope: Santiment Data Reveals

Following recent price drops, XRP has started to show signs of recovery according to data provided by the crypto analysis platform Santiment. In the past 12 hours, the price of XRP has seen an increase of 5.3%, while investor interest continues. This situation indicates that despite market fluctuations, investors maintain their confidence in XRP assets.

According to data, the number of wallets holding at least 10,000 XRP has reached exactly 317,500, marking an all-time high. This figure indicates that medium and large-scale investors are increasing their asset accumulation. At the same time, the MVRV (Market Value to Realized Value) data shared by Santiment reveals that average returns for investors in major cryptocurrencies have turned negative. For Bitcoin, the rate is -5.8%, for Ethereum it is -8.4%, and for XRP, it is -15.3%, indicating that XRP is among the assets that have experienced the most value loss.

According to analysts, the drop in MVRV rates indicates the potential for a buying opportunity. The Santiment team states that such negative levels of MVRV have historically triggered recovery periods. Additionally, the increase in the number of wallets on-chain supports the development of XRP’s long-term investor base and enhances the market's recovery potential.

In light of all these developments, a positive outlook for XRP is strengthening. During this process, which investors should monitor closely, the increasing number of wallets and signs of recovery could be heralds of a positive future. As a result of the fluctuations in the cryptocurrency world, opportunities for XRP and other crypto assets are hidden.