XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery

Your call?🐂 Bullish🐻 Bearish

$15.7B

XRP exchange supply

$XRP

$1.38

+4.9%

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…