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FIGR_HELOC $1.00 XRP holds near $1.50 as ETF inflows build ahead of Evernorth vote
XRP trades around $1.50 with spot ETF inflows at $1.79 billion cumulative, while traders watch the Sept. 30 Evernorth vote and $1.55 resistance.
The short answer
XRP traded near $1.50 as traders waited for the Sept. 30 Evernorth shareholder vote and continued spot ETF demand. Spot XRP ETFs drew $75.59 million last week, lifting cumulative net inflows to $1.79 billion. Analysts identify $1.55 as immediate resistance, and higher targets stay conditional on a confirmed breakout.
What happened
XRP traded near $1.50 as traders prepared for a Sept. 30 shareholder vote tied to Evernorth Holdings' planned Nasdaq transaction. Spot XRP ETFs attracted $75.59 million last week, lifting cumulative net inflows to $1.79 billion. Evernorth holds 473.28 million XRP and plans a Nasdaq listing under the XRPN ticker symbol.
CoinGecko data showed XRP near $1.54, with a 24-hour range between $1.50 and $1.55 and a market capitalization near $96.9 billion. Volume stood at roughly $2.7 billion when those data were checked. A second reading put XRP near $1.48 on Sept. 28, with about $3.55 billion in 24-hour volume.
The token had retreated from a Sept. 23 high near $1.66. The daily chart showed XRP near $1.4753 after pulling back from the $1.60 area, and the latest decline of about 2.73% pointed to short-term weakness.
Why it matters
Two calendar items sit close together. Shareholders vote on the Evernorth merger on Sept. 30, and remaining closing conditions still require completion. Analysts identify $1.55 as immediate resistance, with higher price targets remaining conditional on confirmed breakouts.
Published targets stay conditional. Market analyst Ali Martinez said a confirmed break above $1.55 could open a path toward approximately $2, a view that depends on the pattern completing. Peter Brandt said in a Sept. 21 chart that the structure "implies an eventual advance to $5.40" and gave no timetable.
Momentum readings are mixed. The daily Relative Strength Index stood at 54.49, above the neutral 50 level but below its signal average near 57.03, while the MACD line sat near 0.0518 above a signal line around 0.0481. On hourly measures, XRP stayed below both its 50-period and 200-period exponential moving averages, and a 15-minute Stoch RSI of 93 on Sept. 27 was called an overbought bounce.
What the data shows
At the Sept. 28 spot price of $1.48, the closest technical area was the $1.45-$1.50 support band. Above the market, $1.55 was framed as nearby resistance and a recent consolidation ceiling, with XRP still facing resistance around $1.55 to $1.60.
Background
XRP had already tested this area in September. Crypto.news reported on Sept. 25 that the token climbed back toward the 1.55-1.60 resistance zone after gaining nearly 16% over seven days.
What is still unclear
- The two reports differ on the spot price, with one citing about $1.50 and CoinGecko near $1.54, and the other citing about $1.48 on Sept. 28.
- Reported 24-hour volume also differs, at roughly $2.7 billion in one report and about $3.55 billion in the other.
- The $2 projection from Ali Martinez depends on the pattern completing and is not a confirmed price outcome.
- Peter Brandt gave no timetable for his $5.40 view and stated that publishing the chart was not the same as placing a trade.
Questions readers ask
Can XRP break above $1.55?
Analysts identify $1.55 as immediate resistance, with higher targets conditional on confirmed breakouts. Ali Martinez said a confirmed break above that level could open a path toward approximately $2, but the projection depends on the pattern completing.
When is the Evernorth shareholder vote?
Evernorth and Armada Acquisition Corp. II scheduled a shareholder vote for Sept. 30. If shareholders approve the transaction, the combined company is expected to list on Nasdaq under the ticker XRPN, according to an SEC filing.
How much have spot XRP ETFs attracted?
Spot XRP ETFs attracted $75.59 million last week, which lifted cumulative net inflows to $1.79 billion.
Where is XRP trading now?
One report put XRP near $1.50 as the Sept. 30 vote approached, and CoinGecko data showed it near $1.54. A separate reading from Sept. 28 placed XRP near $1.48.
