Ripple (XRP) and Cardano (ADA) Show Deeper Undervaluation Than Bitcoin (BTC)

Bitcoin (BTC) came under significant pressure over the weekend amidst deteriorating macro sentiment. Following the retrace, several crypto assets are back in undervalued territory.

Fresh data suggest that Ripple (XRP) and Cardano (ADA) are among the altcoins that are more undervalued than Bitcoin.

XRP Ahead of Bitcoin on Value Opportunity

According to the latest findings by Santiment, a coin’s 30-day Market Value to Realized Value (MVRV) can help gauge risk when opening or adding to a position. Lower readings indicate reduced risk. Hence, a negative 30-day MVRV means average traders are currently down money, which creates an opportunity to enter while profits remain below the typical “zero-sum game” level. Santiment added that the more negative the percentage, the safer it is to buy.

On the other hand, a positive 30-day MVRV means that average traders are up money, which increases the risk of entering while profits are above normal levels, with higher positive values described as more dangerous. In the latest data shared, Santiment listed XRP at -5.7%, which classified it as undervalued and more undervalued than Bitcoin, which was shown at -3.7% and labeled mildly undervalued.

Besides, several top altcoins were also flagged as undervalued in Santiment’s 30-day MVRV snapshot. For instance, Chainlink (LINK) posted the most negative reading at -9.5%, followed by Cardano (ADA) at -7.9% and Ethereum (ETH) at -7.6%.

Reaccumulation Phase

XRP sank nearly 4% over the past seven days after falling below $2. It briefly retested the $1.81 level before a modest rebound to $1.89 on Monday. Despite the short-term market weakness, certain market watchers say that the bigger picture remains intact.

Crypto analyst ChartNerd, for one, pointed to a longer-term technical setup for XRP. They noted that after an explosive breakout in December 2024, the crypto asset has spent the past year retesting its prior seven-year resistance trendline. The analyst described the move as a prolonged “reaccumulation” phase and said a similar formation unfolded in 2017 before XRP saw major upside. ChartNerd added that if the retest holds, it would support a continuation of the trend.

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