XRP price nears $1.37 support amid rising ETF inflows and Evernorth's Nasdaq listing plans
XRP's price dropped 2.46% to about $1.38, approaching a key support level at $1.37, despite strong institutional demand through XRP ETFs. U.S. XRP ETFs saw $26.20 million in net inflows on August 28, continuing a nine-day streak and totaling $110.49 million for the week, the highest since December 2025. Evernorth, a Ripple-backed company holding significant XRP, received SEC approval for a Nasdaq listing via merger, with a shareholder vote set for September 30. Technically, if XRP falls below $1.37, it could drop further to $1.27, but if buyers hold, a recovery toward $1.57 is possible.
XRP's price dropped 2.46% to about $1.38, approaching a key support level at $1.37, despite strong institutional demand through XRP ETFs. U.S. XRP ETFs saw $26.20 million in net inflows on August 28, continuing a nine-day streak and totaling $110.49 million for the week, the highest since December 2025. Evernorth, a Ripple-backed company holding significant XRP, received SEC approval for a Nasdaq listing via merger, with a shareholder vote set for September 30. Technically, if XRP falls below $1.37, it could drop further to $1.27, but if buyers hold, a recovery toward $1.57 is possible.
What's Your Reaction?
