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Institutional Demand Boosts Bitcoin and XRP as Price Recovery Continues

Guavy AI Editorial Team
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Bitcoin and XRP have seen positive ETF inflows, with $32 million pouring into Bitcoin and $585,000 into XRP. This increase in investment coincides with a rise in large on-chain transactions above $100,000, indicating growing institutional interest in these cryptocurrencies.

Both assets are trading near key technical resistance levels, with Bitcoin approaching $65,000 and XRP testing a trendline near $1.09. The continued demand from institutions could support further price recovery for both cryptocurrencies.

However, sustained momentum will depend on upcoming market activity, as the crypto market remains volatile.

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