XRP rebounds above $1.30, but first ETF outflow in 13 weeks clouds the recovery
- —XRP rose from $1.26 to $1.29 in one hour on Sunday, with about $240,000 in short liquidations
- —Open interest on Binance and Bybit dropped 175 million XRP, or 26.5%, over three weeks
- —US spot XRP ETFs saw $1.84 million in net outflows, ending 13 straight weeks of inflows
- —XRP's short-term RSI near 24 signals oversold conditions, but momentum stays bearish
Why it matters: The bounce is driven by short covering rather than fresh demand, so a sustained move above $1.33 likely needs ETF inflows and stronger spot volumes to return.
Source: Invezz