The MVRV ratio and trading volume of XRP have soared by 59%, indicating that its price may rise by 50%, with a target of $2.

The MVRV exchange rate of Dogecoin ( DOGE ), as well as TD Sequential and URPD, are also displayed. This could be an ideal time point for accumulation, with a potential increase of about 19%.

In contrast, BTC, ETH, and LINK are in a more neutral range; if the market as a whole moves upward, the returns they may bring could be smaller.

Multiple indicators suggest that now may be a good time to accumulate XRP and Dogecoin (DOGE). As momentum gradually builds, there could be an upward trend in the future.

XRP Buy signal

The first indicator is the ratio of 365-day market value to realized value ( MVRV ). Currently, the value for XRP is 0.92.

It should be noted that this on-chain indicator is used to determine whether the current price of an asset is overvalued or undervalued based on its historical cost. When the asset valuation reaches its peak, it is logical to sell; whereas a decline in valuation indicates the opposite situation.

At a level of 0.92, this indicator shows that XRP is significantly undervalued due to panic selling. However, this also means that it is in an ideal macro-acumulation range, as the risk of further selling is lower.

In addition, the recent trading volume of XRP Ledger soared by 59.37% in a single day, which also provided support. Coupled with Bitcoin rising to nearly $83,000, this pushed the price above the $1.25 support level, and the current price has reached $1.34.

If XRP is able to maintain this momentum, the upward trend could extend to $2, representing a 49% increase from the current level.

Dogecoin buying signal

For Dogecoin, the MVRV rate over 365 days is even lower, at only 0.74, indicating a better buying opportunity. Meanwhile, the TD Sequential has recently provided a buying opportunity around $0.081. Previously, after a similar signal appeared at this price level, the price rose by 18.74%.

As of press time, DOGE has risen by 2.70% to trade at $0.0817.

However, the $0.0813 range is currently the strongest resistance zone between the current price of DOGE and $0.2144 on the URPD chart. Therefore, although breaking through this level would bring hope, it cannot be guaranteed that buyers will be able to hold it consistently.

Comparison with Bitcoin, Ethereum, and Chainlink

According to the data from the encryption intelligence and analysis platform Santiment, Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) are in a more neutral state, with their 365-day MVRV values ranging between 0.97 and 1.04. This indicates that the average investors in these crypto assets are almost at a break-even point, and the risk of taking aggressive profits or selling off is relatively low.

Compared to these three types of crypto assets, XRP and DOGE offer better buying opportunities and have a higher potential for profit.