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Sell-offs have been ravaging the XRP digital asset for a while as the crypto market has recovered. This comes as no surprise given that the XRP price has been ranging low since January, and the first upsurge has presented an opportunity for early sellers to exit the market. This, interestingly, plays into the bullish narrative of the altcoin as the sell-offs push it further into oversold territory, creating the possibility of a bounce-off point from here.
XRP Netflows Remain Negative
A data researcher who goes by Dom on X shared an update on the XRP outflows, showing that they have remained negative for a while. In the post, Dom explains that
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