XRP price rebound? Exchange outflows and ETFs lift recovery hopes
The post XRP price rebound? Exchange outflows and ETFs lift recovery hopes appeared on BitcoinEthereumNews.com. XRP traded near $1.33 on May 31 as traders watched whether fresh exchange outflows, ETF demand and a key chart support area could help the token recover from recent weakness. Summary XRP saw 25.24 million coins leave exchanges after the year’s largest inflow signaled capitulation selling. ETF flows added $131.94 million this month, keeping institutional demand in focus despite weakness persisting. Analysts watch $1.34 support, with $1.37 and $1.40 as nearby recovery targets if buyers hold. Santiment data showed that XRP recorded its largest exchange inflow of the year on Thursday, with 22.80 million XRP moving onto trading platforms. Large exchange inflows often draw attention because they can show that holders are preparing to sell. However, the move quickly reversed. Santiment said another 25.24 million XRP moved back off exchanges after the inflow. That shift suggests some