XRP Shows Three Bullish Signals Ahead of Historically Weak October
- —XRP's 365-day MVRV sits at -11.75%, versus -19.26% for DOGE and near 0% for BTC and ETH
- —Binance XRP futures open interest rose to about $600 million, breaking its 180-day average near $445 million
- —Spot XRP ETFs have drawn inflows for 11 consecutive weeks, with cumulative net inflows at $1.75 billion
- —October has been negative for XRP in 8 of the past 13 years, with an average return of -5.14%
Why it matters: A negative MVRV limits sell pressure, but weak October seasonality and the absence of a Coinbase premium cast doubt on the rally's durability.
Source: BeInCrypto AR