XRP price slips below $1.50 – Can ETF demand fuel a recovery?

XRP price slips below $1.50 – Can ETF demand fuel a recovery?

A key divergence might be taking shape within XRP’s current market structure. On the macro level, the asset is following the general market weakness. Down more than 7% this week, XRP has broken below $1.5. However, this is in line with the broader risk-off move that saw the total crypto market value drop more than 4%, pushing high-caps below crucial support levels.

But what happens when the market reverts to risk-on? Given XRP’s current positioning, it wouldn’t be surprising to see it lead the charge in the next wave of risk-on flows.

To begin with, Evernorth has completed its SPAC merger with Armada II, bringing approximately 473 million XRP and $3