Why Ripple Handed XRP to Evernorth and Where XRP Heads From $1.30
XRP trades at $1.3072, down 2.69% in 24 hours, as news about Ripple and Evernorth hits the market. Traders now ask where XRP heads from $1.30.
Charts, ETF flows, and derivatives data all lean cautious. Here is a simple XRP price analysis based on the numbers.
XRP News Today: Why Did Ripple Hand XRP to Evernorth?
Ripple put a large amount of XRP into Evernorth. It is the XRP treasury company that just debuted on Nasdaq.
CEO Brad Garlinghouse explained the move at Nasdaq on listing day. He said it fits Ripple's long habit of investing in its own ecosystem.
He also said trust in Evernorth's leadership sealed the decision. So far, this news has not lifted the price.
XRP Price Today: Why Is XRP Down 2.69% Right Now?
The XRP price today is $1.3072, down 2.69%. Sellers led, and long traders took most of the liquidations.
Futures volume fell 11.58% to $2.12B, while spot volume is $358.56M.
Metric | Value |
Price | $1.3072 |
24h Change | -2.69% |
Market Cap | $82.41B |
Futures Volume (24h) | $2.12B |
Spot Volume (24h) | $358.56M |
Open Interest | About $2.80B |
Circulating Supply | 63.12B XRP |
Total Supply | 99.98B XRP |
Max Supply | 100B XRP |
XRP Price Analysis: Is XRP Bullish or Bearish on the 4-Hour Chart?
Bearish, for now. XRP trades inside a descending channel, under all four key moving averages.
EMA | Level |
20 EMA | $1.3290 |
50 EMA | $1.3626 |
100 EMA | $1.3976 |
200 EMA | $1.4080 |
RSI is near 39. That shows weak momentum, though a small relief bounce can still happen.
XRP Price Forecast: What Are the Next Support and Resistance Levels?
Support sits at $1.30 to $1.28. A clean break could open the way to $1.25 and then $1.22, near the lower channel line.
Type | Level | Why It Matters |
Support 1 | $1.30 to $1.28 | Current test zone |
Support 2 | $1.25 | Next floor if $1.28 breaks |
Support 3 | $1.22 | Near lower channel edge |
Resistance 1 | $1.33 | Close to the 20 EMA |
Resistance 2 | $1.36 to $1.40 | 50 and 100 EMA area |
Resistance 3 | $1.45 to $1.48 | Recovery target if buyers return |
XRP Latest News: Are XRP ETFs Seeing Outflows or Inflows?
Small outflows, big inflows overall. XRP spot ETFs saw a $2.47M outflow on October 16. All of it came from Canary's XRPC.
Total net inflows stand at $1.80B. Net assets are $1.47B, about 1.79% of XRP's market cap.
ETF | Ticker | Net Assets |
Bitwise | XRP | $541.12M |
Franklin | XRPZ | $390.92M |
Canary | XRPC | $315.50M |
21Shares | TOXR | $139.02M |
Grayscale | GXRP | $84.86M |
Total value traded was $27.65M. All five funds also fell 3.22% to 3.60% in price.
Are XRP Traders Bullish or Bearish? Futures Data Explained
Mixed. Open interest slipped 0.93%, so traders are using less leverage. The overall long/short ratio is 0.9279, a small bearish tilt.
Account ratios still favor longs: 2.89 on Binance and 3.57 on OKX. Top Binance traders show 3.56 by accounts and 2.017 by position size.
Liquidations hit $5.30M in 24 hours. Longs lost $4.77M and shorts only $531.65K.Most came in the past 12 hours ($184.61K).
Options are small. Volume rose 0.80% to $4.13M, and open interest rose 3.30% to $64.40M.
Why Is XRP Price Falling? What Binance CVD Shows
As per CryptoQuant data , CVD on Binance reads about $ 6.18 M near $1.31. Market sell orders still outweigh buy orders.
The chart shows XRP sliding from about $1.50 in early October to $1.31. The reading looks steady, not panicky.
XRP Price Prediction: Where Will XRP Head From $1.30?
The base case is more weakness or sideways trading. Buyers need to reclaim the EMAs first.
A move above $1.33, then $1.40, would be the first real sign of recovery. A drop under $1.28 puts $1.25 in play.
Strong ETF totals offer some comfort. Daily selling and negative CVD say the market is not ready to turn.
These are only scenarios. Nobody knows where the price goes next.
Disclaimer
This article is for information only. It is not financial, investment, or trading advice. Crypto prices are very volatile, and you can lose money. Do your own research and speak with a licensed financial adviser before you invest.
