XRP and DOGE Are Deep in the Red: Could That Be a Bullish Signal?

XRPUSD: mixed, with near-term downside pressure and a possible contrarian longer-term angle. The article reports a roughly 11.75% negative 365-day MVRV for XRP, meaning long-term holders, on average, are sitting on unrealized losses. That can reduce profit-taking from holders already in profit, but it is not a standalone buy signal: persistent losses can also lead to further selling or capitulation.

The immediate price action is the clearer short-term signal: XRP was reported down more than 7% over 24 hours. The article cites $1.60 as a level traders are watching, but a recovery above it would need confirmation; continued weakness would undermine the recovery thesis. The MVRV reading is more relevant to a potential medium-term valuation setup than to timing a near-term reversal.

For DOGE, the similarly negative MVRV is a comparable contrarian argument, while the reported recent spot ETF inflows may offer a modest demand counterweight. Those flows are short-window evidence, however, and the article also notes a DOGE ETF closure—so sustained inflows would matter more than isolated daily figures.

What to monitor:

whether XRP stabilizes after the pullback and reclaims the cited level, whether selling pressure continues, and whether crypto-wide risk appetite and DOGE ETF flows persist. Overall, the data support a possible longer-term recovery opportunity, not confirmation that a bottom is in.