XRP Shows Potential Bottom Signal, But $15.7 Billion in Exchange Supply Threatens Recovery

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XRP’s 365-day MVRV ratio has fallen to approximately 0.92, placing holders in a metric window roughly 8% below their cost basis, while XRP trades near $1.33, according to Santiment. Glassnode warned on 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…