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

Santiment reported that XRP’s 365-day MVRV ratio fell to about 0.92, a level at which holders are roughly 8% below their cost basis while XRP trades near $1.33, and Glassnode warned on Oct. 19 that more than 40% of large-cap altcoins were near their own yearly leverage highs.