Crypto
XRP Bulls Eye $1.47 Amid Nasdaq Listing and ETF Demand
XRP traders are keeping an eye on $1.47 as demand for the token continues to build due to various catalysts.
On August 28, XRP gained 1.1% over the past 24 hours and traded near $1.42, with CoinGecko data showing it has risen 8.7% over the past seven days.
The token's recovery from its August 27 low has led to a pullback from an intraday high near $1.47, leaving $1.45-$1.47 as the first area buyers need to reclaim.
The main catalyst for XRP's price increase came from Evernorth Holdings after the US Securities and Exchange Commission declared the Form S-4 registration statement tied to its proposed merger with Armada Acquisition Corp. II.