ETFs keep bringing in money—4.73 hundred million XRP also wants to list on Nasdaq. Why is it still not moving up? $XRP ?
Right now, XRP has plenty of positive catalysts, but the price is still stuck around $1.5.
The spot XRP ETF has continued to see net inflows recently.
On October 1 alone, total inflows were about $7.24 million, and cumulative net inflows are already close to $1.79 billion.
What’s more, Evernorth’s shareholders have already approved the merger, and it’s expected to begin trading on Nasdaq on October 8 under the ticker XRPN.
By then, Evernorth is expected to hold about 473 million XRP, along with roughly $300 million in cash financing.
But here’s the question:
With so much money and so much XRP, why is the coin price still grinding around $1.5?
Because these catalysts are currently providing more expectations of demand, not yet turning into real incremental buy orders.
So for now, I suggest not chasing the story of “XRP taking off right away.”
On the chart:
$1.49–$1.51 is the first support zone; $1.53–$1.57 is short-term resistance.
Only a real breakout above $1.60 could open the door to $1.65–$1.70.
If it can’t even break above $1.57, that would indicate the market is still waiting.
And with XRPN officially starting trading on October 8, it becomes a great point of verification:
Is institutional money truly starting to snatch up XRP, or is everyone just trading the expectations ahead of time?
Right now, XRP has plenty of positive catalysts, but the price is still stuck around $1.5.
The spot XRP ETF has continued to see net inflows recently.
On October 1 alone, total inflows were about $7.24 million, and cumulative net inflows are already close to $1.79 billion.
What’s more, Evernorth’s shareholders have already approved the merger, and it’s expected to begin trading on Nasdaq on October 8 under the ticker XRPN.
By then, Evernorth is expected to hold about 473 million XRP, along with roughly $300 million in cash financing.
But here’s the question:
With so much money and so much XRP, why is the coin price still grinding around $1.5?
Because these catalysts are currently providing more expectations of demand, not yet turning into real incremental buy orders.
So for now, I suggest not chasing the story of “XRP taking off right away.”
On the chart:
$1.49–$1.51 is the first support zone; $1.53–$1.57 is short-term resistance.
Only a real breakout above $1.60 could open the door to $1.65–$1.70.
If it can’t even break above $1.57, that would indicate the market is still waiting.
And with XRPN officially starting trading on October 8, it becomes a great point of verification:
Is institutional money truly starting to snatch up XRP, or is everyone just trading the expectations ahead of time?