his caused market makers on the exchange to momentarily stay their hands from trading until Gemini sorted the issue.on the exchange, Kaiko confirmed the availability of about 150,000 XRP for buying and selling within the 1% price range. This indicates that the supply and demand for XRP within this specific price range have become more balanced and stable on the cryptocurrency exchange.After the ruling was made on 13 July, XRP’s price rose.
According to Santiment, this metric measures the ratio between the current price and the average price of every coin/token acquired. The more the ratio increases, the more people will be willing to sell as the potential profits increase.However, as the alt’s price began its descent, the MVRV ratio steeply declined as well. As of this writing, it stood at 62.34%.