On-Chain Data Suggests XRP Recovery Potential

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XRP/USD daily chart. Source: Cointelegraph/TradingView

On-chain metrics are reinforcing the bullish case for XRP, with the MVRV Z-score hovering near levels that previously marked accumulation zones. This indicates that most holders are near breakeven, reducing selling pressure.

However, key support remains critical. As long as XRP holds the $1.25–$1.30 range, a bounce toward $1.45 or higher remains possible. Losing that level, on the other hand, could open the door to deeper downside toward $1.15 or even $0.80.

[johnblockbuster]

mvrv near breakeven levels usually does reduce sell pressure, so that checks out