XRP Price Defies Gravity Amid Surging ETF Inflows and NASDAQ Listing Approval
The XRP price has dropped to $1.38, pushing it down to support at the 200-week EMA of $1.37. However, this decline coincides with a surge in inflows to XRP ETFs and an SEC approval for Evernorth to list on NASDAQ.
XRP ETFs have seen nine consecutive days of inflows, with $26.20 million flowing in on August 28 alone. The total weekly inflows reached $110.49 million, the highest since December 2025. Bitwise ETF led the pack with $59.95 million in inflows.
The five XRP ETFs that trade in the US have a combined $1.44 billion in assets, making up 1.66% of XRP's market cap of $87.43 billion.
Evernorth, an XRP Treasury company, is set to go public on NASDAQ after receiving SEC approval for its merger with Armada Acquisition Corp. If successful, Evernorth will join Strategy and Bitmine as a publicly listed crypto treasury company, potentially boosting the value of XRP.