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XRP Recovers on Sustained Institutional Interest Amid Market Consolidation

Guavy AI Editorial Team
Instruments
BTC XRP
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Ripple's XRP has been on an upward trend lately, backed by sustained ETF inflows and institutional interest.

The token has risen above a short-term key support at $1.37 as of Monday, but traders are cautioned to temper expectations as momentum indicators cool down following the recent rally that reached highs of $1.70 on August 22.

In other news, Metaplanet, a corporate Bitcoin treasury, moved 4,800 BTC worth nearly $377 million to Coinbase today, sparking speculation about the company's intentions with its holdings.

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