Evernorth Listing and ETF Demand Boost XRP Price Near $1.47
XRP traders are watching $1.47 as Evernorth Holdings and ETF demand build pressure on the token's price. Over the past 24 hours, XRP has gained 1.1% to trade near $1.42, with a 7-day gain of 8.7%. The recent rally has carried the token through its 50- and 200-day moving averages, indicating a constructive daily structure.
The main catalyst for XRP's price action is the progress towards Evernorth Holdings' planned Nasdaq listing under the ticker XRPN. If shareholders approve the deal and the remaining closing conditions are met, the combined company will list on Nasdaq. Evernorth plans to operate as an actively managed XRP treasury, holding the token while deploying capital across the XRP ecosystem.
Demand from US spot XRP exchange-traded funds has also provided support for the token. The products recorded another session of net inflows on Aug. 27, extending a multi-week period without a daily net outflow.