XRP price has shown noticeable recovery, increasing nearly 10% and surpassing the significant level of $3. This happened amid capital inflow despite recent market declines.
XRP Price Recovery
XRP price has recovered and currently shows growth of nearly 10%, exceeding the $3 mark. This recovery is supported by positive signals from technical indicators and inflow data.
Outflows from Crypto Funds
Crypto assets have experienced outflows, recording $223 million in outflows, marking the first outflow in 15 weeks. The main reasons were concerns about the end of the bull market and cautious signals from the US Federal Reserve.
Strength of XRP Recovery
The recovery of XRP from the Fibonacci level has confirmed its strength, leading investors to purchase the asset after a significant price drop. Currently, XRP is at the $3 level despite a 25% decline in trading volume.
XRP exhibits signs of recovery, although the overall market faces outflows. Monitoring further changes will be key for investors.
