XRP’s One-Year MVRV Stands Below 1 as Exchange Reserves Near Yearly High
Photo: TokenPost
XRP’s 365-day MVRV reading was about 0.92 on Oct. 20, putting the measure’s cohort roughly 8% below realized value. An exchange-reserve estimate stood at 11.81 billion XRP on Oct. 17, in the 99th percentile of its range over the previous 365 days. The MVRV measure covers tokens that moved at least once during the preceding year. A reading below 1 means the cohort’s market value is below its realized value; it does not mean every XRP holder is at a loss or establish that a market bottom has formed. At the $1.29 price recorded at the end of the Oct.
Source: TokenPost
