# XRP’s One-Year MVRV Stands Below 1 as Exchange Reserves Near Yearly High

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/37411
Published: 2026-10-22T03:40:50.000Z
Updated: 2026-10-22T03:40:50.000Z
Section: Investing

> The reading was about 0.92 on Oct. 20, while an exchange-reserve estimate reached the 99th percentile of its prior 365-day range on Oct. 17.

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. 4–17 period, 11.81 billion XRP would be worth about $15.2 billion. A separate count found 22.06 billion XRP across 699 XRP Ledger wallets publicly labeled as exchange wallets on Oct. 17. That count includes cold-storage balances, so it covers a different set of wallets from the reserve estimate and does not show how many tokens are offered for sale.

Binance XRP futures open interest fell 15.8%, from $538.1 million on Oct. 4 to $453 million on Oct. 17. The exchange’s estimated leverage ratio declined from 0.205 to 0.170 over the same period. Long liquidations totaled $25.7 million on Oct. 7–8, and funding was negative on six of the 11 days in the observation window.

A broad altcoin froth measure peaked on Oct. 7 and had moved out of its high zone by the Oct. 20 data cutoff. Open positions remained about 5% below their October peak when measured at constant prices. That sector-wide measure does not describe XRP alone.

The readings show the measured XRP cohort below realized value alongside high reserve estimates and reduced Binance leverage. Wallet balances do not establish that holders placed sell orders, and Binance derivatives figures do not represent positioning across all venues.