XRP Price Soars Above 50-Day EMA as ETFs See Outflow

XRP's price is currently trading near $1.3301, up 2.71% in the last day. This surge has brought the cryptocurrency above its 50-day exponential moving average (EMA) at $1.2854.

The 200-day EMA is located at $1.3532, which may pose a hurdle for XRP's price in the near term. However, some market observers believe that this level could be broken if XRP can surpass the $1.3434 threshold.

XRP ETFs have seen an outflow of $5.15 million on September 17, marking a reversal from a two-day inflow streak. This mixed momentum is being monitored by traders, who are looking for signs of structural breaks or simply washed-out sentiment.