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

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 21 Oct, 15:10 UTC

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…