XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery
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 derivatives data sits between Binance shedding… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Read Full Article on CryptoSlateSummary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Irish drug lord’s lost Bitcoin fortune comes back to life as $41 million moves to Coinbase
The net receipt reached an address Arkham labels a Coinbase Prime deposit, a destination also used in July and August. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Grayscale Opens 10 Crypto ETFs to Investors, But There's a Catch
Crypto investors holding substantial amounts of Bitcoin, Solana, or XRP now have another way to bring those holdings into traditional finance without selling their coins first. Grayscale announced that eligible investors can exchange cryptocurrencies directly…
Indian Exchanges Report Higher Volumes After Tax Clarity
Several Indian crypto exchanges have reported higher trading volumes following clearer guidance on virtual digital asset taxation. Platforms say improved transparency around the 30% tax and 1% TDS has helped some users return to compliant domestic venues.…