XRP price rebounds to $1.31 as ETF outflows end 13-week streak

XRP has recovered to $1.31 with a nearly 2% daily gain, even as US spot XRP exchange-traded funds recorded their first weekly withdrawals in 14 weeks and exchange reserves reached elevated levels. Summary XRP climbed nearly 2% to $1.31, although its weekly losses remained above seven percent overall. US spot XRP ETFs recorded $1.84 million in withdrawals, ending thirteen consecutive weeks of net inflows. CryptoQuant reported 11.81 billion XRP on exchanges, alongside declining leverage and weaker whale trading activity. Analyst Ali Martinez identified $1.25 as critical support, with $1.56 needed to confirm renewed upward momentum. XRP Ledger payment volume dropped 72.3% on October 17, despite a subsequent surge in transferred value. According to CoinGecko, XRP traded at approximately $1.31 on October 19, gaining 1.96% over 24 hours while losing 7.10% over the previous seven days. Its market capitalization stood near $82.97 billion, supported by a circulating supply of approximately 63 billion tokens. Trading activity picked up during the recovery, with 24-hour volume reaching roughly $1.44 billion. CoinGecko reported that trading volume had increased 49.2% compared with the precedin...