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XRP Bounces 1.83% to $1.0873 Amid Historic Over-Sold Conditions

Guavy AI Editorial Team
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XRP
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XRP has seen a slight price increase on July 29, up 1.83% to $1.0873.

The token's monthly Relative Strength Index (RSI) is at its most oversold reading in history, down 72% from its all-time high, according to analyst Ash Crypto.

This comes as OSL Hong Kong has opened retail XRP trading with settlement via the XRP Ledger, making it the first exchange in Hong Kong to do so.

The spot netflow for XRP hit -$9.98M on July 29, indicating more XRP left exchanges than entered, which is a supply-reducing signal despite the price weakness.

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