XRP (XRP) slipped back under key technical levels on Thursday ET, extending a short-term downtrend as selling pressure intensified around the $1.30 area. The move comes amid fresh signs of weakening demand—most notably exchange-traded fund (ETF) outflows and a sharp drop in on-chain activity—yet Ripple’s push into corporate treasury infrastructure and a spike in token burns are keeping the medium-term recovery narrative alive for some market watchers.
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