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Crypto

XRP Bulls Test Resistance at $1.36 Amid US-Iran Tensions

Guavy AI Editorial Team
Instruments
XRP
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XRP bulls are attempting to push the price above $1.36 as the asset holds strong support from a cluster of Exponential Moving Averages.

The recovery attempt comes amid broader market uncertainty due to renewed tensions between the US and Iran, which has led to increased risk aversion among investors.

According to SoSoValue, XRP spot Exchange-Traded Funds (ETFs) saw outflows of $7 million on Wednesday, breaking an 11-day bullish streak. However, cumulative inflows remain steady at $1.68 billion, up from $1.51 billion in early August.

Retail demand for XRP remains strong, with perpetual futures Open Interest (OI) holding steady at 2.25 billion XRP on Thursday.

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