XRP Recovery Fails to Spark Momentum as Momentum Indicators Cool
Ripple's XRP token has recovered from its recent lows, rising above a key short-term support level to trade at around $1.37.
This recovery is attributed to sustained ETF inflows and institutional interest in the remittance token.
However, traders are advised to temper their expectations as momentum indicators have cooled following the recent rally that peaked at $1.70 on August 22.