TLDR
- XRP is trading around $1.46-$1.51, down 1-2% over the past 24 hours.
- CoinGlass data shows more short positions than long positions, though funding stays slightly positive.
- Support sits at $1.46-$1.48, with resistance at $1.54-$1.56 and the September high near $1.65.
- Ripple released 1 billion XRP from escrow on October 1.
- The Evernorth-Armada Nasdaq listing, expected to trade as XRPN, has been delayed past its planned October 8 date.
XRP is trading close to $1.50 this week. The price sits between $1.46 and $1.51, down 1% to 2% over the past 24 hours depending on the hour checked.
Derivatives data from CoinGlass shows a long-to-short ratio of 0.85. That means short positions outnumber long positions among tracked accounts.
Funding stayed positive at 0.0097%. That means long traders are paying short traders a small fee, which is a mild signal but not a strong bullish one.
ETF flows remain part of the picture too. Reports point to $1.8 billion in cumulative XRP ETF inflows, with $121.4 million arriving in September alone.
Ripple also released 1 billion XRP from escrow on October 1. That release does not confirm the tokens were sold into the market.
Where XRP Could Go Next
Support sits in the $1.46 to $1.48 range. Resistance is clustered at $1.54 to $1.56, with the September peak near $1.65 marked as the next level above that.
Moving averages show XRP above its 50-day, 100-day, and 200-day EMAs, which cluster between $1.33 and $1.40. The RSI reads near 56, a neutral to mildly positive signal.
Analyst account XRP Update posted that ETF activity is heating up, citing over $30 million in trading volume with Bitwise and Franklin Templeton leading the session. The account framed this as a sign the institutional XRP market keeps growing.
$XRP ETF ACTIVITY IS HEATING UP. 🔥
Over $30M in trading volume, with Bitwise and Franklin Templeton leading the session.
THE INSTITUTIONAL XRP MARKET KEEPS GETTING BIGGER. 🌐📈 pic.twitter.com/1sHkp8uj5W
— XRP Update (@XrpUdate) October 7, 2026
The same account also posted a separate call pointing to a $50 price target tied to a monthly chart structure, which it said could put XRP’s market cap near $3 trillion if it plays out.
$XRP HAS A $50 TARGET ON THE BOARD.
This monthly structure is projecting something massive.
$50 XRP ➝ ~$3T MARKET CAP
IF THIS PLAYS OUT… ABSOLUTE CINEMA.💥📈 pic.twitter.com/nvGXcA3iWv— XRP Update (@XrpUdate) October 7, 2026
The Evernorth Listing Delay
Evernorth and Armada Acquisition Corp. II were set to complete their merger on October 7, with trading under the ticker XRPN expected to begin October 8 on Nasdaq. That listing has now been delayed.
Due to an administrative delay that is not expected to affect the closing, we now expect to close on Friday, October 9th, with XRPN expected to start trading on Nasdaq on Monday, October 12th, in each case subject to customary closing conditions and Nasdaq listing requirements.…
— evernorthxrp (@evernorthxrp) October 6, 2026
The delay comes as the companies work through final steps needed to close the business combination. No new listing date has been confirmed.
At closing, Evernorth is expected to hold 473 million XRP and receive about $300 million in cash proceeds. At XRP’s recent price of $1.51, that treasury was valued near $714 million.
Armada’s own shares climbed about 273% in the week before the delay was announced.
Trader and analyst Peter Brandt has pointed to $1.70 as a possible cup-and-handle breakout target, describing it as a chart pattern rather than a guaranteed outcome.
Pivot data from October 7 placed the classic pivot point near $1.485, with nearby support extending down to about $1.454.
