XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery
XRP's 365-day MVRV ratio has fallen to about 0.92, which places holders in the metric's window roughly 8% below their cost basis, while XRP trades near $1.33, according to Santiment. Glassnode warned Oct. 19 that more than 40% of large-cap altcoins sit near their own yearly leverage highs. XRP's derivatives data sits between Binance shedding… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery.
- XRP's 365-day MVRV ratio has fallen to about 0.92, which places holders in the metric's window roughly 8% below their cost basis, while XRP trades near $1.33, according to Santiment.
- Glassnode warned Oct.
XRP's 365-day MVRV ratio has fallen to about 0.92, which places holders in the metric's window roughly 8% below their cost basis, while XRP trades near $1.33, according to Santiment. Glassnode warned Oct. 19 that more than 40% of large-cap altcoins sit near their own yearly leverage highs. XRP's derivatives data sits between Binance shedding… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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