XRP (CRYPTO: XRP) is up 5% in 24 hours, its strongest bounce since the June 15 short squeeze. The token is now challenging the year-long descending trendline dating back to the July 2025 $3.40 peak.
XRP ETFs Just Logged Their First Back-To-Back Outflows Since March
U.S. spot XRP ETFs recorded $1.86 million in outflows on July 1, following a $2.83 million outflow on June 30, the first consecutive outflow days since March 9-10.
Despite those two days, the ninth straight week of XRP ETF flows remains net positive at roughly $10 million, extending what had been eight consecutive weeks of inflows. The outflows look like a blip rather than a trend reversal so far.
Derivatives Are Backing The Move With Real Money, Not Just Short Covering
