XRP's price is currently trading near $1.4392, up about 2% from earlier today.
This marks a test of the descending trendline that has capped rallies since August 21's spike to $1.70.
XRP spot ETFs have seen a 10th consecutive week of inflows, according to weekly SoSoValue data.
Recent liquidations totaled $602.74K, with shorts absorbing $564.70K, indicating ETF-driven demand and short-covering pressure in the crypto market.
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