Altcoins● Neutral

XRP shows a possible bottom signal, but heavy exchange supply could slow a rebound

TradingGain Newsroom·8d ago·21 Oct 2026, 15:10 UTC

Santiment data shows XRP's 365-day MVRV ratio has dropped to about 0.92, meaning holders sit roughly 8% below their cost basis, with XRP near $1.33. The report also flags $15.7 billion in exchange supply as a risk to any recovery. Traders may want to wait for clearer confirmation before treating this as a bottom.

XRPAt the time of writing, XRP traded at $1.38 (+4.91% in 24h).Live price →

Why it matters

XRP holders are about 8% below cost basis on the 365-day MVRV measure, which may point to a bottom.
Roughly $15.7 billion in exchange supply is seen as a threat that could hold back a recovery.
Glassnode warned on Oct. 19 that over 40% of large-cap altcoins sit near their yearly leverage highs.

What to watch next

Watch whether XRP holds near $1.33 and how exchange balances and derivatives positioning on Binance change in the coming days.

XRPLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.