XRP is holding around $1.25, a critical support level, as an unconfirmed rumor suggests that Evernorth, an XRP treasury company, may purchase $655 million worth of XRP next week. The token has lost 13% this month, erasing all its September gains. Spot XRP ETFs experienced their first negative week since July with net outflows of $1.84 million, ending a 13-week consecutive weekly inflow streak. XRP’s long/short ratio reached 1.06, its highest level in over two weeks, indicating risky bullish positioning in an unfavorable market environment.
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