XRP is trading near $1.49 after forming lower highs from $1.665 toward $1.55, with buyers defending rising support around $1.45-$1.47. A breakout above $1.54 could open a path toward $1.70, while a break below support would signal a weaker setup. Meanwhile, Evernorth plans to list XRP on Nasdaq with a treasury of roughly 566 million XRP backed by over $1.1 billion in committed capital. Ripple also unlocked one billion XRP in four batches. The balance between institutional demand and exchange supply will likely determine price stability.
XRP price action remains confined within a narrowing triangle, with sellers capping rebounds while buyers defend support. After reaching $1.665, XRP formed lower highs toward $1.55, with rising support protecting declines from the $1.45-$1.47 area.
XRP is currently trading at approximately $1.4916, near the lower border of the triangle. Its Relative Strength Index sits at 46.02, showing neutral to slightly downward momentum despite still-present buying power.
A decisive break through $1.54 would likely create room for a recovery toward $1.70 or higher, while a break below rising support would indicate a weakening setup. Until then, XRP remains caught between tightening resistance and persistent support.
Evernorth plans to list XRP on the Nasdaq exchange, placing about 566 million XRP into a treasury backed by over $1.1 billion in committed capital. Institutional capital of this kind could provide longer-term demand support and potentially counteract short-term trading activity.
Ripple has also unlocked 1 billion XRP in four batches of 400 million, 300 million, 300 million, and 100 million XRP. The impact depends on how much of the newly unlocked supply reaches exchanges and how much is absorbed by institutional demand.
If Evernorth deploys capital while supply remains off exchanges, demand could support price stability. A significant portion of each month’s release may also return to escrow, limiting the amount available for trade.
The post-release flow of funds into exchanges is therefore more important than the release itself. If exchange balances remain under control, buyers should be able to absorb the current supply with little disruption.
Should XRP break decisively through $1.54, focus would shift to the next resistance level at $1.70. Conversely, repeated failures to break that level would likely create a stalemate for upward momentum.
