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XRP price today trades near $2.41, slipping below key EMAs as bears test the $2.35–$2.30 support zone. Evernorth launches a $1B Nasdaq-listed XRP treasury, sparking both long-term optimism and short-term uncertainty. Technical outlook sees $2.20 as the critical downside level, while bulls eye $2.75–$3.00 on recovery. XRP price today trades near $2.41 after sliding more than 3% in the past 24 hours. The token has broken below its ascending triangle structure, forcing traders to focus on the $2.35–$2.30 support range as selling momentum intensifies. The launch of a new $1 billion XRP treasury fund has injected both optimism and confusion, with Ripple executives clarifying their roles. Price Action Pressures Mount As Breakdown Extends XRP Price Dynamics (Source: TradingView) The latest move leaves XRP price action under strain. On the daily chart, the token rejected resistance near $2.76, aligned with the 50-day EMA, before retreating sharply. Price now trades below all major short-term EMAs, with the 20-day ($2.56) and 50-day ($2.73) flipped into overhead resistance. Related: Ethereum Price Prediction: ETH Price Consolidates Below $4K as Developer Rift Surfaces Momentum indicators confirm weakness. The RSI sits at 36, just above oversold conditions, highlighting fragile sentiment. Unless XRP reclaims the $2.62–$2.76 zone quickly, bears may attempt to drag price back toward the broader ascending trendline around $2.20. Netflows Highlight Weak Investor Commitment XRP Netflows (Source: Coinglass) On-chain flows reflect subdued confidence. According to Coinglass data, XRP spot netflows showed a modest $9.58 million inflow on October 21, yet this comes after weeks of consistent outflows.  Earlier in July, exchange outflows coincided with a sharp rally toward $3.80, but recent months have seen persistent inflows that historically signal potential selling pressure.  Evernorth Treasury Announcement Divides Market Wasn’t David taking time off to spend w family? Now he’s going to another company? …. Interesting —…

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Filed under: News - @ October 21, 2025 5:26 pm