Well-known crypto analyst DonAlt has announced that he is adopting a HODL strategy for Ethereum (ETH). In his view, the current weekly chart structure gives the asset a clear path higher.
XRP is trading around $1.50, but the price still cannot reclaim the late-August peak near $1.70. US spot XRP ETFs attracted about $307.9 million in Q3, while cumulative inflows climbed close to $1.8 billion. XRP itself gained more than 45% across Q3. The problem is not an absence of buyers. Fresh demand is being met by enough existing supply to stop the token from repricing higher. The next test is whether buyers can overwhelm sellers between roughly $1.54 and $1.70. ETF demand is real but it is not controlling price US spot XRP ETFs absorbed $307.9 million in Q3, including roughly $121.4 million in September, according to SoSoValue data.
Evernorth has successfully navigated a crucial milestone on its journey to becoming a publicly listed XRP treasury entity. On Thursday, Armada Acquisition Corp. II stakeholders voted in favor of the proposed business combination.
XRP's next move could hinge on whether institutional demand can absorb rising supply pressure.
The decline followed a rise of about 100 million XRP over two weeks. Daily outflows in transactions of at least 1 million tokens topped 320 million.
Binance's XRP reserves fell by about 57 million tokens in three days, erasing more than half of a two-week build-up.
Growing ETF inflows into XRP highlight investor interest despite price stagnation, suggesting potential long-term confidence in the asset. Bitwise and Franklin ETF clients buy $7.24 million in XRP.
Ethereum now holds more RLUSD than the XRP Ledger, but the balance data cannot identify which clients drove the shift.
XRP social sentiment has fallen to its lowest level since August, with bearish comments outnumbering bullish discussion as October begins. Santiment views the pessimism as a potential contrarian setup, while cautioning that an immediate rebound is not guaranteed. XRP Pessimism Reaches Its Strongest Level Since Aug.
XRP slipped below key $1.30 support, turning its chart bearish and reviving risks of a deeper drop, with analysts now eyeing $1.14 and even $1.
Evernorth's XRP treasury merger has won shareholder approval, moving investors closer to stock market exposure to the cryptocurrency. The transaction combines cash financing and token contributions ahead of a planned Nasdaq debut under the ticker XRPN.
Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices.