Key Takeaways
- Trader sentiment toward XRP deteriorated to a 3-week low, with the bulls-to-bears ratio falling to approximately 1.10 on May 25.
- Holders operating on a 30-day timeframe are experiencing average unrealized losses approaching 47%.
- XRP’s 30-day MVRV ratio has declined to levels not seen since December 2020, entering what market analysts define as an “extreme opportunity zone.”
- Spot XRP exchange-traded funds in the United States recorded $11.88 million in inflows on May 29, contributing to $35 million in total inflows between May 20–29.
- During the identical timeframe, Bitcoin ETFs experienced $1.70 billion in outflows while Ethereum ETFs saw $309 million exit.
Trading around the $1.35 level, XRP has maintained stability despite growing apprehension among market participants reaching levels unseen in nearly three weeks. Blockchain analytics and institutional fund flow data present contrasting narratives about the digital asset’s current positioning.
According to Santiment analytics, the sentiment ratio measuring bullish versus bearish commentary dropped to roughly 1.10 to 1.0 on May 25. This decline placed the cryptocurrency within territory market observers identify as the “FUD Zone,” characterized by heightened fear, uncertainty, and doubt across social platforms.
Historical patterns suggest that when assets enter this sentiment territory, price rebounds frequently follow. The underlying principle centers on market psychology — widespread fear typically signals exhausted selling pressure, creating conditions for buyers to re-enter.
Despite prevailing negativity, XRP’s price action has avoided significant deterioration. The asset has maintained position above critical support near $1.34.
Market analyst Ali Charts specifically highlighted this $1.34 threshold as noteworthy. “I’m watching the bottom of the rising channel at $1.34 as a potential buying zone for XRP,” Ali Charts stated on X. “If it holds, targets sit at $1.37 and $1.40.” The observation emerged amid ongoing debate about whether current consolidation patterns would resolve upward.
30-Day Holders Facing Substantial Unrealized Losses
Data from Santiment reveals that market participants holding XRP positions over a 30-day window are carrying average unrealized losses of 47%. Evidence suggests many capitulated near local bottoms after surrendering profits accumulated during the late 2024 and early 2025 rally period.
The 30-day Market Value to Realized Value (MVRV) ratio — which tracks aggregate unrealized gains or losses throughout the market — has descended below its December 2020 reading. Santiment classifies this territory as an “extreme opportunity zone,” terminology applied when the metric reaches historically depressed levels that have historically preceded market reversals.
Santiment also documented a notable event via their X platform. Thursday witnessed the year’s largest XRP exchange deposit — exceeding 22.80 million tokens flowing onto trading platforms. However, subsequent days saw 25.24 million XRP withdrawn from exchanges. Santiment observed that this substantial exchange influx coincided precisely with a local price trough, and that XRP’s market value has appreciated approximately 5% since that capitulation moment.
Spot XRP ETFs Maintain Positive Fund Flows
While sentiment metrics reflect widespread pessimism, institutional investment vehicles demonstrate opposing momentum.
U.S.-domiciled spot XRP exchange-traded funds registered $11.88 million in net capital inflows on May 29. Bitwise commanded the largest portion at $7.36 million, with Canary’s XRPC contributing $2.38 million and Franklin’s XRPZ adding $2.14 million.
Throughout the May 20–29 period, XRP ETFs accumulated $35 million in aggregate inflows. During this identical window, Bitcoin exchange-traded funds hemorrhaged $1.70 billion while Ethereum ETFs experienced $309 million in redemptions.
Combined assets under management across U.S. XRP ETFs now approach $1.12 billion, with total net inflows since inception reaching $1.42 billion.
Spot Bitcoin ETFs recorded $125.31 million in outflows on May 29, representing the tenth consecutive trading session of net redemptions.
An unconfirmed development from October 2025 continues generating background interest. Bloomberg previously reported that Ripple Labs was spearheading efforts to secure at least $1 billion through a special purpose acquisition company (SPAC) structure designed to accumulate XRP within a corporate treasury framework. CoinDesk has contacted Ripple for verification, though no official statement has been issued.
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