XRP Price Prediction: $1.50 Breakout Could Revive Bulls as Evernorth Moves Toward Nasdaq Listing
- XRP must reclaim $1.4334 and $1.50 to restore bullish momentum after its pullback.
- Rising open interest could amplify XRP volatility as traders rebuild leveraged positions.
- Evernorth’s September 30 vote adds a potential catalyst for XRP institutional demand.
XRP faces renewed selling pressure as weakening technical momentum meets a major corporate development involving Evernorth Holdings. The token trades near $1.415 after failing to hold momentum above the $1.50 level. However, derivatives positioning has started rising again, creating a potentially volatile backdrop for XRP.
Technical Momentum Weakens
XRP recently slipped below its 20-period EMA at $1.4334 on the four-hour chart. The decline suggests that short-term buyers have lost some control following the latest rally. Additionally, the Stoch RSI shows weakening momentum, with %K at 49.97 below %D at 63.7…
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