$XRP is experiencing renewed selling pressure amid weakening technical momentum and a major corporate event related to Evernorth Holdings. The token is trading around $1.415 after failing to sustain momentum above the $1.50 level. However, derivatives positioning has started to rise again, creating a potentially volatile backdrop for $XRP.
Technical Momentum Weakens
$XRP recently fell below the 20-period EMA at $1.4334 on the four-hour chart. The drop indicates that short-term buyers have lost some control following the recent rally. Furthermore, the Stoch RSI shows weakening momentum: %K at 49.97 is below %D at 63.70.
However, $XRP remains above its 50, 100, and 200 EMAs. Thus, the broader four-hour structure maintains a constructive foundation despite the recent pullback.
The $1.4260 level now provides immediate resistance near the 0.618 Fibonacci retracement. A move above $1.4334 could restore short-term strength. Additionally, $XRP must break through $1.50 to target $1.5453.
On the downside, $1.3816 represents the first major support near the 50 EMA. A break below this level could open up $1.3422. Further weakness could lead $XRP to $1.2852 and eventually to $1.2007.
Derivatives Signal Rising Risk
$XRP's open interest has also begun to recover after months of declining leverage. Open interest previously exceeded $10 billion in July, then fell sharply to $2–3 billion.
The latest figure is around $3.48 billion, while $XRP trades around $1.45. This increase indicates the beginning of a recovery in derivatives positioning.
Significantly, rising open interest can amplify price movements as leverage increases. Thus, $XRP may experience sharper fluctuations if spot momentum strengthens or deteriorates.
Exchange Flows Remain Bearish
Spot market flows continue to show sustained outflows of $XRP. Red net flow readings have repeatedly exceeded inflows throughout the observed period.
The latest net flow is approximately minus $5.74 million. This figure indicates that more $XRP has left exchanges than entered them, according to the latest data.
Moreover, persistent outflows could eventually reduce available sell-side liquidity. However, this trend does not yet confirm strong accumulation, as $XRP continues to struggle with price momentum.
Evernorth Moves Toward Nasdaq Vote
Evernorth also reached an important milestone on August 27. The SEC announced the effectiveness of the registration statement on Form S-4, allowing Armada to distribute definitive proxy materials.
The SEC has declared our registration statement effective!
— evernorthxrp (@evernorthxrp) August 27, 2026
Press release here: https://t.co/UMmvGU2kcb
Armada Acquisition Corp. II shareholders will vote on the proposed business combination on Sept 30, 2026. Completion remains subject to that vote and to customary closing... pic.twitter.com/XqpG9IFXCG
Armada shareholders will vote on the proposed deal at a virtual meeting on September 30. Shareholders may also redeem their shares separately from voting on the merger.
Redemption requests must be received by September 28. Consequently, significant redemptions could reduce the cash Armada contributes to the transaction.
If shareholders approve the deal and the remaining conditions are satisfied, the combined company expects to trade on Nasdaq under the brand XRPN. The transaction could become another meaningful institutional catalyst for $XRP.
Technical Price Forecast for $XRP
Key levels remain clearly defined heading into September:
Upside Levels: $1.4334 and $1.5000 represent immediate hurdles. A breakout above $1.5000 could open the path to $1.5453 and higher levels.
Downside Levels: The first major support is $1.3816, followed by $1.3422 and $1.2852. A deeper correction could reveal the $1.2007 zone.
Resistance Ceiling: $1.5453 is a key level needed to strengthen the medium-term bullish momentum.
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Will $XRP Rise?
The $XRP forecast for September depends on whether buyers can hold the $1.3816 support and reclaim the $1.4334 level at the 20 EMA. Sustained movement above $1.50 would enhance the bullish setup and bring $1.5453 into focus.
However, failure to hold $1.3816 could lead to a deeper correction towards $1.3422 and $1.2852. Rising open interest and persistent spot outflows may also increase volatility. As $XRP remains at an inflection point, the next major move will likely depend on whether buyers regain control above $1.50.
Related: Bitcoin's Center of Gravity Shifts East: Why India May Lag Behind
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