Santiment believes XRP and Ethereum are undervalued after the pullback

According to a report by Bijie Network: Despite recent price declines, on-chain data shows that Ethereum and XRP are undervalued. Santiment's 30-day MVRV ratio indicates -8% for Ethereum and -6% for XRP, suggesting that recent buyers have suffered significant losses and there is considerable selling pressure. Bitcoin's positive MVRV provides some market stability, but Ethereum faces resistance from over $611 million in spot ETF outflows, while XRP's drop below $2 is exacerbated by growing macroeconomic concerns. However, the resolution of XRP's legal disputes and the integration of RLUSD into the XRP Ledger are seen as positive factors for long-term institutional adoption.