The price of XRP decreased to $1.45 after U.S. spot XRP-ETFs recorded inflows of $3.14 million on October 6. Bitwise attracted $10.55 million, while the Franklin XRPZ fund lost $4.07 million. Total inflows into XRP-ETFs reached $1.794 billion with net assets of $1.697 billion, and a net asset ratio of 1.79%. XRP fell from $1.52 to $1.46 at the start of the sell-off on October 7, when Bitcoin dropped below $84,000. Currently, XRP is around $1.45, down 4.3% for the day and 3.9% for the week, with a volume of $2.24 billion and a market cap above $91 billion.
Derivatives remain defensive: open interest is $3.38 billion, volume is $3.67 billion. The liquidation model at 9:00 UTC shows a cluster of longs around $1.4306 and shorts around $1.6299. MACD is 0.0265 below the signal line at 0.0370, with a histogram of -0.0105. RSI is 47.99 against an average of 57.07. Analyst EGRAG Crypto identified $1.40 as a key level: a false breakout requires a return to $1.4850 on the daily close, while a full-bodied close below would strengthen the bearish scenario. Decline levels: $1.41, $1.37, 1.32-1.27. Bulls need closes above $1.55 and $1.596.
Evernorth Holdings expects XRPN trading to begin on Nasdaq around October 12, with a four-day delay. The merger with Armada Acquisition Corp II is set to close around October 9, with shareholders approving the deal on September 30. At the time of closing, Evernorth anticipates holding approximately 473 million XRP. XRPL developers are preparing for the activation of fixBatchV1_2 on October 9, provided validator support remains. Servers without version 3.4.1 risk losing synchronization.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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