Crypto
XRP Grapples with Bullish Outlook Amid Elevated Risk Appetite
XRP trades above $1.37, maintaining its bullish near-term bias as price holds above key moving averages.
The remittance token's upside has remained constrained since the rally to $1.70 on August 17, with support at the $1.35 area anchored by a 200-day Exponential Moving Average (EMA).
Risk appetite remains elevated, underpinned by sustained bullish sentiment across broader markets, as reflected in the Fear & Greed Index's reading of 69.
XRP spot Exchange-Traded Funds (ETFs) logged their tenth straight day of inflows, adding nearly $6 million on Monday, despite a drop from $26 million posted last Friday.