XRP registered one of its strongest network-growth bursts of the year, with Santiment reporting 4,300 new wallets created in 24 hours, the fourth-largest spike of 2026.
The analytics firm said the move matters because “network growth is among the top leading signals to identify reversals,” placing the wallet surge alongside a set of on-chain metrics that suggest XRP is trading in a lower-risk zone than usual.
Santiment Points To Undervalued Setup For XRP
The data point was also shared by Santiment’s Brian Quinlivan in yesterday’s livestream. The XRP segment stood out for a combination of fresh wallet creation, depressed profitability metrics and relatively subdued crowd sentiment.
Quinlivan said XRP’s MVRV setup looked “pretty similar to Ethereum,” but with an even deeper long-term drawdown among active holders. According to the Santiment data cited during the livestream, XRP’s 365-day MVRV sat around negative 35.12%, while its 30-day MVRV had slipped back into negative territory at roughly negative 3%.
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That combination, he argued, places XRP in a statistically less overheated position than during periods when recent and longer-term holders are sitting on large unrealized gains. “Again, that golden rule, they’re both below zero, meaning you’d be buying whether you’re doing short or long-term trading at a less risky point than the average moment in XRP’s 11, 12 year history now,” Brian said.
He was more forceful on the long-term figure, noting that readings below negative 30% tend to mark a point where the average active holder has already absorbed substantial losses. “Anything below 30, no matter what asset you’re looking at, that’s something that should provide confidence in your investment because you have something that quantifies how much blood in the streets there is,” he said. “You can buy knowing that your fellow peers that you’re trading against, you’re not on the same team just because they’re investing in the same asset.
You’re buying when those fellow peers have already experienced immense losses that you haven’t because you’d be opening a fresh new entry into XRP.”
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Sentiment data added another layer to the setup. Brian said XRP’s social tone had been “pretty up and down lately,” but leaned more negative than usual, which Santiment typically treats as constructive from a contrarian perspective. The asset was showing about 1.7 bullish comments for every bearish comment, a level that may sound elevated in isolation but is below XRP’s usual social baseline, which Brian said tends to run closer to a 2-to-1 bullish ratio.
Outside of one outlier around May 14, he said XRP sentiment had remained below its typical average for roughly the prior 10 days. That matters because, in Santiment’s framework, overheated bullishness often appears closer to local tops, while apathy or frustration can emerge near more attractive entries.
The livestream also framed XRP within a softer altcoin environment. Brian noted that many assets have faced negative sentiment because they failed to follow Bitcoin into a more convincing rally. He pointed to the way market attention around specific integrations or partnerships can fade quickly if price does not respond, referencing XRP-related hype around a Rakuten partnership roughly a month earlier as an example of how narratives can lose traction without confirmation from the market.
At press time, XRP traded at $1.36.
Featured image created with DALL.E, chart from TradingView.com
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