- XRP holders face the largest unrealized losses since 2022.
- Whale inflows to Binance have dropped to their lowest level since early 2026.
- XRP price is currently trading at $1.31, down 2.5% over the past 24 hours.
XRP holders face the largest unrealized losses since 2022, according to on-chain data published by Santiment.
The MVRV ratio for XRP, which measures the mean value of holdings relative to the realized value at which tokens were acquired, has fallen to its lowest point since the FTX collapse in November 2022.
Wallets that have been active on the XRP Ledger over the past year are down an average of 41% on their positions at current prices.
The reading places the average XRP trader firmly in what Santiment described as “blood in the streets” territory.
XRP price is currently trading at $1.31, down 2.5% in the past 24 hours and 20% below its price from one year ago.
XRP Holders Face Largest Unrealized Losses Since 2022
The MVRV ratio is one of the more direct measures of aggregate trader pain in any given asset. When the ratio falls deeply negative, it does not simply mean the price has declined.
It means that the average wallet that has transacted on the network recently, bought at prices higher than where the asset currently trades, and is sitting on actual losses rather than hypothetical ones.
Santiment noted that in zero-sum trading environments, deeply negative average returns reduce the pool of motivated sellers. Traders who are already down 41% on average are less likely to add to selling pressure than those who are sitting on gains and looking to exit.
The last time XRP’s MVRV reached comparable levels was November 2022, during the FTX collapse. This triggered one of the sharpest and most broad-based selloffs in crypto market history.
Whale Activity on Binance Falls to Lowest Level Since Early 2026
CryptoQuant data adds a separate layer of context to the XRP picture. Whale inflows to Binance have declined to their lowest level since the start of 2026.
Daily whale inflows into Binance recently registered approximately 12.60 million XRP, a figure well below the elevated levels seen in March.
The 30-day cumulative flow indicator has since fallen to around 1.44 billion XRP, one of its lowest readings of the year.
Large inflows to exchanges are typically interpreted as a sign that major holders are preparing to sell.
CryptoQuant noted that this decline in whale inflows is accompanied by a noticeable drop in large-scale transaction volumes more broadly.
XRP Price Context and Recent ETF Flow Data
XRP is trading at $1.31 at the time of writing. The 20% year-over-year decline places XRP among the weaker performers in the major asset class over that period.
ETF flow data from recent weeks adds to the picture. XRP ETF products recorded net outflows of $76.1 million for the week ending March 13. This was followed by two additional outflow weeks before a small positive result of $2.66 million for the week ending March 27.
The prior month had seen $133 million in month-to-date outflows across XRP ETF products.
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