Capitulation

XRP has gained about 8% over the past week to trade around $1.14, even as onchain data show holders sitting on historically deep unrealized losses. Market participants are watching whether depressed MVRV readings signal capitulation, improved risk-reward, or simply another volatile phase before broader conditions stabilize.

A rare cluster of on-chain indicators tracked by Hyperion Decimus has appeared only a handful of times in Bitcoin’s history. Portfolio manager Chris Sullivan says the next move could decide whether BTC breaks higher or suffers a final capitulation.