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XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF
XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF The Market Value to Realized Value (MVRV) ratio surged to 217% on Tuesday, showing overbrought market activity.
High profit-taking and an MVRV ratio indicating overvaluation could lead to a market correction.
Ripple plans to invest an unspecified amount in the newly rebranded Bitwise Physical XRP ETP (earlier called the ETC Group Physical XRP).
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