The 365 day MVRV of DOGE and XRP is low, and the holders are in a floating loss state

Santiment data shows that DOGE's 365 day MVRV is about 0.74, while XRP's 365 day MVRV is about 0.92, indicating that holders are in a floating loss state. In contrast, BTC, ETH, and LINK have 365 day MVRVs between 0.97 and 1.04, indicating that holders are approaching breakeven. Lower MVRVs correspond to reduced selling pressure and potential opportunity ranges, while higher MVRVs correspond to profit taking risks.