XRP is trading at $1.06 with a market cap of $66.38 billion, down 1.25% over the last day. But beneath the surface, the momentum looks different. Selling pressure is easing, and a bullish divergence has emerged on the three-day chart, suggesting the downtrend may be losing steam.
The technical picture hinges on a pattern that analyst EGRAG CRYPTO flagged recently. While XRP keeps printing lower lows on price, the Relative Strength Index is climbing higher lows. That disconnect matters. It signals bearish momentum is fading even as sellers continue to push the price down. If this setup holds, the pattern could mark the end of Elliott Wave 2, with Wave 3 potentially waiting on the other side of key resistance.
Where the Breakout Matters
Support sits at $1.00 to $0.95, then drops to $0.75 and $0.60 to $0.52. Resistance clusters between $1.30 and $1.60, with a second tier at $1.96 and a longer-term zone between $3.00 and $3.60. The real catalyst would be a breakout above the previous Wave 1 high, which would confirm Wave 3 is underway. Once that happens, analysts are eyeing a move toward $6.42, $13.37, and higher targets, with some projections suggesting a 1,900% to 2,000% rally over the longer term.
Evernorth Plays a Different Game
Meanwhile, a filing by Evernorth reveals a shift in how institutions might approach XRP. Instead of buying and holding passively like a traditional ETF, the company is building an active strategy. It plans to deploy XRP across liquidity schemes, DeFi applications, and institutional partnerships to generate returns beyond simple price appreciation. The idea is to treat XRP as a working asset rather than just a token to warehouse.
This active approach could matter for the broader ecosystem. More institutional capital flowing into productive uses of XRP, rather than just sitting idle, could reinforce adoption and create new demand vectors. Whether that translates to near-term price support remains uncertain. For now, traders are watching whether XRP can hold above $1.00 and whether the technical divergence turns into an actual reversal.
This material is for informational purposes only and should not be considered financial advice or a recommendation to trade or invest in XRP or any other asset.
