On-chain analytics platform Santiment reported on September 23, 2026, that the 365-day Market Value to Realized Value (MVRV) ratio remains deeply negative for XRP and Dogecoin, indicating that the average investor who transacted over the past year is still holding an unrealized loss.
According to Santiment, XRP's 365-day MVRV stood at -11.75%, while Dogecoin's reading was even deeper at -19.26%. In contrast, Bitcoin, Ethereum, and Chainlink all crossed slightly above the 0% threshold during the same session, meaning their annual cohorts were, on average, modestly in profit following the broader market rebound.
The MVRV metric tracks coins that registered at least one on-chain transfer in the past year and compares their current market value against the price at which they last moved. Deeply negative readings often suggest reduced sell-side pressure because fewer holders are sitting on unrealized gains to cash out. However, Santiment analysts cautioned that a negative ratio is not a definitive technical bottom signal, nor does it guarantee a short-term bullish recovery.
The report also highlighted recent weekly momentum that pushed Bitcoin past $87,000 for the first time since January 2026, reaching a 24-hour peak of $87,251 before settling above $84,327. Dogecoin rallied 12% in a single day with about $1.84 billion in 24-hour trading volume, touching an intraday high of $0.1042 before retreating toward $0.092. Yet this buying pressure has not offset the net losses of the evaluated annual cohort.
In April 2026, XRP's 365-day MVRV fell to -41%, its lowest level since the collapse of FTX in November 2022. The current -11.75% reading shows a substantial recovery from that drawdown, though the annual cohort remains below break-even. Dogecoin's price fluctuated between $0.07837 and $0.09784 during the week, briefly reaching $0.1042 before consolidating near $0.092.
Separately, short-term price predictions on September 24 focused on Cardano (ADA), XRP, and Dogecoin. ADA recovered from Wednesday's drop near $0.23 to around $0.24, with $0.245 as the first resistance and $0.23 as key support. XRP bounced from $1.47 to trade near $1.50, with upside potential toward $1.66 if momentum strengthens and downside risk toward $1.30 if $1.43 breaks. Dogecoin produced three consecutive bullish candles on the 4-hour chart, with a breakout above $0.097 potentially opening a move to $0.102 and a break below $0.091 exposing $0.084.
Overall, the divergent on-chain and price-chart signals leave the near-term trajectory for these assets uncertain as the third quarter of 2026 draws to a close.
