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Price Forecast: $1 Billion Treasury Bonds Spark Debate as Price Tests Key Support Zone
The XRP price is currently trading around $2.41, slipping below key EMA levels as bears test the $2.35–$2.30 support zone.
Evernorth has launched $1 billion in XRP-backed treasury bonds listed on Nasdaq, sparking both long-term optimism and short-term uncertainty.
The technical outlook suggests that $2.20 is the critical downside level, while a bullish recovery could target $2.75–$3.00.
Selling Pressure Builds as Momentum Weakens
Over the past 24 hours, XRP has fallen more than 3%, breaking below an ascending triangle pattern. Traders are now focused on the $2.35–$2.30 support area as selling momentum intensifies.
On the daily chart, XRP dropped below resistance around $2.76, which coincides with the 50-day exponential moving average (EMA). The price now trades below all key short-term EMAs — the 20-day ($2.56) and 50-day ($2.73) have flipped into resistance levels.
Momentum indicators confirm the weakness: the Relative Strength Index (RSI) is at 36, hovering just above the oversold zone, indicating fragile sentiment. If XRP fails to reclaim $2.62–$2.76 soon, bears could push it toward the broader uptrend line near $2.20.
Netflows Reveal Weak Investor Commitment
According to Coinglass data, XRP’s spot net inflows on October 21 totaled $9.58 million, following several weeks of steady outflows.
Back in July, large outflows coincided with a surge to $3.80, but recent consistent inflows typically suggest potential selling pressure in the market.
Evernorth Launch Divides the Community
The key catalyst was the launch of Evernorth, a new entity modeled after corporate Bitcoin treasury strategies. The company aims to raise over $1 billion through its Nasdaq listing and act as an institutional buyer of XRP.
Ripple CTO David Schwartz clarified that he will only serve as an advisor to Evernorth, dismissing rumors about leaving Ripple.
Meanwhile, Ripple board member Ashish Birla confirmed he will become Evernorth’s CEO, emphasizing the company’s mission to build a strategic acquisition reserve.
Technical Outlook: $2.20–$2.75 Range in Focus
From a technical perspective, the nearest resistance sits at $2.56, followed by $2.76, where the 50-day EMA aligns with the descending trendline resistance. A daily close above this range could trigger a breakout toward $3.00.
Conversely, failure to hold $2.35 could see XRP retesting $2.20. A deeper breakdown would bring $2.00 back into play — marking the lower boundary of the broader ascending channel that has guided price action since early 2025.
For traders, the $2.35–$2.75 range remains a critical risk–reward zone for the next major breakout.
Outlook: Can XRP Rebound?
The XRP forecast remains balanced. Bulls need to defend $2.35 and reclaim $2.62–$2.76 to target $3.00, especially if Evernorth’s capital inflows materialize.
On the other hand, a breakdown below $2.20 could undermine the broader uptrend.
At present, XRP’s price reflects sideways uncertainty. The launch of $1 billion in treasury bonds has sparked long-term optimism, but without stronger inflows or clear technical recovery, short-term volatility is likely to persist.
