XRP has demonstrated resilience by recovering to $1.54 after experiencing an 8% decline during the broader crypto market sell-off that pushed the token to a low near $1.47. According to CoinGecko data, the token is currently trading with a 24-hour range between $1.50 and $1.55 and maintains a market capitalization near $96.9 billion with trading volume at roughly $2.7 billion. The recovery has established the $1.45-$1.42 price region as the nearest support level, with the recent bounce providing buyers another opportunity to challenge the $1.55-$1.60 resistance zone. If XRP can move beyond $1.55, it could open the path toward the $1.66 area where it recently encountered selling pressure.
U.S. spot XRP ETFs attracted $75.59 million in net inflows during the September 21-25 trading week, bringing cumulative net inflows to approximately $1.79 billion according to SoSoValue data. Bitwise's XRP product accounted for $58.99 million of the weekly total, while Franklin Templeton's XRPZ added $16.60 million, taking their cumulative inflows to approximately $677 million and $501 million respectively. The products held around $1.77 billion in net assets at the end of the week, with Friday producing $22.65 million of net inflows following previous sessions of $20.02 million on September 22, $18.04 million on September 23, and $14.89 million on September 24. Despite the substantial inflows, the scale remains relatively small compared with XRP's spot market, with the $75.59 million ETF inflow representing only 0.44% of the $4.1 billion in XRP spot volume over 24 hours.
Armada Acquisition Corp. II shareholders are scheduled to vote September 30 on the proposed business combination with Evernorth Holdings, which would result in the combined company trading on Nasdaq under the XRPN ticker symbol. The U.S. Securities and Exchange Commission declared Evernorth's Form S-4 registration statement effective on August 27, allowing the companies to distribute definitive proxy materials and proceed with the vote. If shareholders approve the deal and remaining conditions are met, the combined company expects to trade on Nasdaq under the XRPN ticker symbol, though Nasdaq listing requirements still need to be satisfied. Evernorth currently controls or has commitments covering approximately 473.28 million XRP, having announced in November 2025 that it had acquired an additional 84.37 million XRP for about $214 million, taking purchased and committed XRP above 473 million tokens.
The daily chart shows XRP trading near $1.4753 after retreating from the recent $1.60 area, with the token having moved into a consolidation range between roughly $1.35 and $1.60 following its recovery from an August low near $1.00. Momentum indicators remain modestly positive, with the Relative Strength Index at 54.49, above the neutral 50 level but below its signal average near 57.03. The MACD remains slightly bullish with its line near 0.0518 above the signal line around 0.0481, while the histogram remains positive at approximately 0.0037. The narrow gap between the two lines shows bullish momentum remains limited as XRP consolidates below $1.60 resistance. Market analyst Ali Martinez has identified $1.55 as immediate resistance, with a possible inverse head-and-shoulders formation showing a neckline around that level, suggesting a confirmed break above $1.55 could open a path toward approximately $2. However, veteran trader Peter Brandt has presented a longer-term view, stating the structure "implies an eventual advance to $5.40," though he emphasized this represents a chart structure analysis rather than a confirmed trade recommendation.
