XRP rises 4% to $1.18 as institutional ETF inflows and exchange outflows support recovery
By
Shaurya Malwa
Soggy bottom. Skim the top, leave the rest on the tray.
Summary
XRP rebounded 4% to $1.18 on strong trading volume, pushing past key support levels as traders eye the $1.20-$1.30 resistance zone. The recovery is supported by institutional demand, with XRP-linked ETFs attracting roughly $1.4 billion in cumulative inflows since launch and May recording the strongest month of institutional demand. Additionally, over 25 million XRP recently left exchanges, suggesting accumulation by holders rather than selling pressure.
Key quotes
· 4 pulledXRP's rebound is starting to look less like a dead-cat bounce and more like a market trying to build a base.
Buyers pushed the token through $1.14 and then $1.18 on the strongest volume seen since the selloff began
XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May marking the strongest month of institutional demand so far.
More than 25 million XRP recently left exchanges, extending a trend that suggests accumulation
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