XRP's yearly MVRV falls to 0.92 as $15.7 billion exchange supply caps recovery
- —XRP's yearly MVRV is 0.92 versus 0.74 for DOGE and 0.97–1.04 for BTC, ETH and LINK
- —Exchange reserves hold 11.81 billion XRP, the 99th percentile of the past year
- —XRP futures open interest is over $1.4 billion, with Binance at about 27%
- —Funding has turned positive, from +0.006% on Binance to +0.010% on Bybit
Why it matters: A durable rebound needs spot demand; leverage-led gains would leave XRP exposed below $1.25.
Source: CryptoSlate