XRP price is recovering towards $1.30. What would make the rebound last?

XRP has recovered some ground after October’s losses, but the buyers behind the move matter as much as the next price level. Fund subscriptions, available supply and demand on exchanges offer different clues about whether the recovery can hold. Summary XRP traded near $1.27 during November 4 checks after touching $1.29 within the preceding 24 hours. US spot XRP ETFs attracted $18.83 million in October despite the token’s monthly decline. The funds recorded $529,510 in net withdrawals on November 2. Ripple’s November escrow release made 1 billion XRP available without establishing how much would be sold. BNY added institutional custody support for XRP and RLUSD on October 27. XRP has recovered towards $1.30 after beginning November near $1.25, giving traders a modest rebound to assess after a difficult October. crypto.news price data put the token near $1.27, with a preceding 24-hour range of $1.24 to $1.29 and a seven-day loss of approximately 3.8%. The move leaves XRP close to a round number that has featured in recent trading coverage, but it has not restored the ground lost over the previous month. A daily gain and a recovery in the underlying trend remain different propositions...