The net inflows of spot XRP tokens turned positive after days of outflows, suggesting a potential intention to sell tokens on the open market and dampening the possibility of a rally. The 8-hour funding rates in XRP futures markets were negative, indicating a bias for short positions. XRP is currently trading below key moving averages, signaling a bearish short-term outlook. However, the 100-day and 200-day simple moving averages indicate a bullish longer-term trend. Immediate resistance levels are at $2.49 and $2.60, with a move past these levels potentially leading to a run to the $3 mark. The 14-day relative strength index for XRP is in the neutral zone.



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