XRP recently bounced off the $1.50 support level following a market-wide sell-off, but the recovery is primarily driven by short-term traders rather than long-term holders. Exchange outflows have significantly decreased, indicating weak broad-based buying interest, which limits the strength of the rebound. Key price levels to watch are $1.69 for bullish confirmation and $1.47-$1.50 for critical support, with further declines possible if support fails.

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