$XRP Faces #Bearish Pressure as #MVRV Ratio #Signals “Death Cross” Warning

Ripple’s native token, XRP, may be heading toward deeper market turbulence following a bearish signal on its on-chain metrics. According to well-known crypto analyst Ali Martinez, XRP’s Market Value to Realized Value (MVRV) Ratio has just formed a death cross against its 200-day moving average — a technical sign that could point to a sharper price correction ahead.

What is the MVRV Ratio, and Why Does It Matter?

The MVRV Ratio is a widely used on-chain indicator that compares a token’s Market Capitalization with its Realized Capitalization. While market cap is calculated using the current spot price across all circulating tokens, realized cap assesses the aggregate "real" value based on the last on-chain transaction price of each individual coin.

This method offers a more nuanced view of the asset’s true valuation, accounting for investors' historical cost basis rather than just current prices. An MVRV value above 1 implies holders are, on average, in profit, while a ratio below 1 suggests net unrealized losses.

XRP's MVRV Death Cross: What the Chart Shows

In a chart shared on social media platform X (formerly Twitter), Martinez highlights how the daily MVRV Ratio of XRP has fallen below its 200-day moving average, forming a death cross — a classic bearish signal in technical analysis.

“The MVRV ratio flashed a death cross for XRP, suggesting a steeper correction could be underway!” — Ali Martinez, crypto analyst

This latest crossover marks the second time in 2025 that XRP’s MVRV Ratio has dropped beneath its long-term average. Earlier in the year, a similar move triggered short-term downside volatility before the price stabilized. Whether history repeats itself remains to be seen.

XRP #Price Action: Losses Deepen Amid Market Uncertainty

At the time of writing, XRP is trading around $3.00, having declined approximately 6.5% in the past week. The dip follows a temporary rebound in July that saw XRP test local highs, only to be met with strong selling pressure..