XRP Eyes Breakout Above $1.47 Amid Evernorth Listing Momentum

XRP traders are watching $1.47 as demand from Evernorth's planned Nasdaq listing and continued spot ETF inflows support prices.

The token has gained 8.7% over the past seven days, despite pulling back from an intraday high near $1.47 on Aug. 28.

Evernorth Holdings, backed by Ripple, SBI Group, Pantera Capital, Kraken, GSR and Arrington Capital, plans to operate as an actively managed XRP treasury, holding the token while deploying capital across the XRP ecosystem.

The company's strategy includes XRP-based infrastructure, yield opportunities, ecosystem participation and capital markets activities, adding another potential source of institutional exposure to the token.