Investors’ profits have plummeted during the recent price correction period. Due to increased volatility in the cryptocurrency market. In January 2022, the prices of most cryptocurrencies fell significantly as the market continued to decline. As a result, Uniswap’s average trading yield reached its lowest point when the price fell into the USD 10 range.
Metrics like MVRV show that such problems create a buying window for investors. Each longer loss period usually gives the trader patience a buying opportunity. According to Santiment, assets like XRP and Uniswap recorded negative MVRV levels. So there may be room for a higher price, which should give traders some relief.
XRP is currently trading at $0.58 after years of sluggish trading. XRP is the most negative MVRV. On-chain analysts stated that XRP price reached its most negative MVRV average since the end of June 2021 after falling 67%.
