- Dogecoin’s 365-day MVRV is at 0.74 and XRP’s at 0.92, indicating average holders are sitting on unrealized losses.
- The crypto market cap excluding the top 10 assets rebounds to $226.71 billion, with resistance at $230 billion and $235 billion.
- RSI at 57.79 and a positive MACD histogram signal strengthening short-term momentum, though a sustained recovery remains unconfirmed.
Dogecoin (DOGE) and XRP are showing potential buying opportunities as their long-term holders face losses, according to Santiment Intelligence. Their 365-day Market Value to Realized Value (MVRV) readings stand at 0.74 and 0.92, respectively. Meanwhile, the cryptocurrency market capitalization excluding the top 10 assets has rebounded to $226.71 billion, although it remains below September highs.
DOGE and XRP Holders Face Unrealized Losses
Santiment reported that Dogecoin’s 365-day MVRV near 0.74 indicates holders are underwater on average. XRP’s reading of 0.92 also places its average holders in losses.
However, Santiment described these conditions as historically more favorable than periods when holders hold substantial profits. Lower MVRV readings can indicate reduced selling pressure as losses accumulate, while higher readings may point to increasing profit-taking risks.
Bitcoin (BTC), Ethereum (ETH) and Chainlink (LINK) show more neutral conditions. Their 365-day MVRV readings range from 0.97 to 1.04, suggesting average holders are near breakeven.
Santiment said traders can use MVRV to assess market positioning and potential risks alongside price movements. However, the metric does not establish whether prices will rise or fall.
Smaller-Cap Crypto Market Rebounds Toward $230B
The cryptocurrency market capitalization excluding the top 10 assets reached $226.71 billion on the four-hour chart dated October 21, 2026. The latest candle recorded a high of $226.93 billion, a low of $225.55 billion and volume of $14.46 billion.
The market climbed toward $255 billion in late September before falling below $240 billion in early October. It then reached approximately $213 billion to $217 billion during mid-October.
However, a rebound from around $219 billion to $220 billion has lifted the market capitalization. Immediate resistance is at $230 billion, followed by $235 billion and $240 billion. Support is near $220 billion, while the mid-October low provides a deeper support zone.
The RSI is at 57.79, above its 50.54 signal average and the neutral 50 level. Meanwhile, the MACD line at $548.44 million exceeds the signal line at negative $513.64 million. Its histogram remains positive at $1.06 billion, indicating stronger short-term buying momentum.
