XRP and Shiba Inu (SHIB) Holders Suffer Losses, But Here’s Why It’s Bullish

Despite the wild price swings in early July, the crypto market has gradually recovered in recent weeks, with many digital assets rebounding from the downturn. However, while some assets like Toncoin, Bitcoin, and Ethereum have performed well, XRP and Shiba Inu have faced more challenges.

On-chain analysis data shows that the market value to realized value (MVRV) Z-score is an important indicator for assessing market sentiment. The current MVRV Z-scores for XRP and Shiba Inu are negative, indicating that the average holder is losing money.

Although negative MVRV Z-scores may seem unfavorable, historical trends show that assets with low MVRV Z-scores tend to outperform during market recoveries. This is due to oversold conditions, accumulated buying pressure, and the potential for price rebounds. Therefore, the current low valuations of XRP and Shiba Inu may be a contrarian investment opportunity.

The recent expansion of Shiba Inu’s ecosystem and XRP’s progress in its legal dispute with the U.S. Securities and Exchange Commission (SEC) may have a positive impact on its price. In short, despite the challenges, XRP and Shiba Inu show potential in the market recovery and deserve investors' attention.

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