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Crypto

XRP Breakout Momentum Cools as Institutional Interest Continues

Guavy AI Editorial Team
Instruments
XRP
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XRP has risen above its short-term key support and is trading around $1.37 at the time of writing, maintaining a broad bullish outlook.

The remittance token's steady institutional interest is backed by improved market sentiment, with the Fear & Greed Index standing at 62 on Monday, down only slightly from 69 the day before.

XRP spot Exchange-Traded Funds (ETFs) have been experiencing a bullish streak, with $26 million recorded on Friday, marking the ninth consecutive day of inflows, which could absorb selling pressure and support stability and potential price increases.

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