XRP 365-day MVRV Ratio Drops to 0.92 as Holders Trade Near Breakeven
Current overview (not historical)
According to Santiment data, XRP's 365-day MVRV ratio has fallen to approximately 0.92, indicating that holders are trading near their cost basis, roughly 8% below it. With XRP priced at $1.33, a reading below 1 suggests that the average holder's purchase price is currently higher than the market price, potentially reducing the motivation for profit-taking due to limited unrealized gains. This valuation pressure is lower than Dogecoin but higher than other major assets. Additionally, over half of large altcoins and a third of mid-cap coins remain in the top decile of annual opening interest, signaling elevated leverage levels. At $1.33, XRP holdings are valued at approximately $15.7 billion, and a 1% passive liquidation would generate around $157 million in selling pressure, equivalent to 34% of the 24-hour spot trading volume of $464 million.
Written with AI from the reporting · updated 10/21/2026
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- 1Unclassified fact stationOct 21, 00:00recorded Oct 21, 23:30single sourcerevised
XRP 365-day MVRV 降至 0.92，显示持有者均在成本基准下方 8%
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- Subject：
- xrp
- Action：
- 365-day MVRV 计算值下降至 0.92
- Object：
- xrp 持有者
- Occurred (fact side)：
- Oct 21, 00:00
- Published (valid side)：
- Oct 21, 23:10
- First seen (known side)：
- Oct 21, 23:30
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- CryptoSlateRelated fact: single sourceSource report revisedXRP shows potential bottom signal as 365-day MVRV drops to 0.92, but $15.7 billion exchange supply threatens recovery
Report first recorded Oct 21, 23:30
XRP's 365-day MVRV ratio has fallen to about 0.92, placing holders roughly 8% below their cost basis, while the price trades near $1.33. Glassnode warned that over 40% of large-cap altcoins sit near their yearly leverage highs, and more than half of large-cap altcoins and roughly one-third of mid-caps remain in the yearly top decile for open interest relative to market value, signaling elevated leverage despite Bitcoin's pullback. CryptoQuant data shows Binance XRP futures open interest fell 15.8% from Oct. 4 to Oct. 17, with leverage ratio and liquidations supporting an unwind of longs. However, over $1.4 billion in XRP futures open interest sits across exchanges, with roughly 73% of tracked exposure on venues other than Binance, and funding has turned positive, indicating longs are paying shorts again at modest rates.
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