Fresh on-chain data from analytics firm Santiment indicates that several major cryptocurrencies have entered undervalued territory following recent market declines. The firm's 30-day Market Value to Realized Value (MVRV) metric, used to gauge risk and opportunity, shows negative readings for key assets.
According to Santiment, a negative 30-day MVRV suggests that the average trader is currently at a loss, creating a potential buying opportunity as profits sit below typical levels. The firm states that the more negative the percentage, the safer it is to consider a position. Conversely, a positive MVRV indicates traders are in profit, raising the risk of entering at elevated levels.
The latest snapshot, shared on January 26, 2026, highlights specific undervaluation levels. Chainlink (LINK) posted the most negative reading at -9.5%, followed by Cardano (ADA) at -7.9% and Ethereum (ETH) at -7.6%. Ripple's XRP registered a -5.7% MVRV, classifying it as more undervalued than Bitcoin (BTC), which showed a -3.7% reading and was labeled "mildly undervalued."
The analysis comes after Bitcoin faced significant pressure over the weekend amid deteriorating macro sentiment, dragging the wider altcoin market lower. XRP, for instance, sank nearly 4% over the past week, briefly testing the $1.81 level before a modest rebound to $1.89.
Despite short-term weakness, some analysts see a constructive longer-term setup. Crypto analyst ChartNerd pointed to XRP's technical chart, noting that after an explosive breakout in December 2024, the asset has spent the past year retesting a prior seven-year resistance trendline. The analyst described this as a prolonged "reaccumulation" phase, drawing parallels to a similar formation in 2017 that preceded major upside. The broader article suggests that potential rate-cut signals and institutional demand could serve as catalysts to lift these undervalued altcoins.
