Ripple (XRP) has declined, falling to near its 200-week exponential moving average (EMA), regarded as a long-term support level. Meanwhile, capital continues to flow into XRP exchange-traded funds (ETFs), and the Nasdaq listing push by Evernorth, a company holding XRP, is also underway, according to overseas crypto media outlet CoinGate.

According to CoinGate, XRP was trading at $1.38 as of the time of writing, down 2.46%, reaching a support level near the 200-week EMA of $1.37.

■ Nine Consecutive Trading Days of ETF Inflows… Largest Weekly Net Inflow Since December 2025

Despite the price drop, money flowing into XRP ETFs is increasing. Citing data from SoSoValue, CoinGate reported that XRP ETFs saw a net inflow of $26.2 million on August 28 (local time), marking nine consecutive trading days of inflows. According to SoSoValue data, money flowed in every day from August 24 to 28 (local time).

CoinGate reported that driven by this demand, the weekly net inflow reached $110.49 million, the largest since December 2025. By ETF, the Bitwise ETF attracted the most capital that week with $59.95 million, followed by Franklin Templeton with $28.7 million.

Additionally, citing SoSoValue data, CoinGate reported that the five XRP ETFs trading in the United States have total net assets of $1.44 billion, equivalent to 1.66% of XRP's market capitalization of $87.43 billion.

■ Evernorth Receives SEC Approval for Nasdaq Listing… Shareholder Vote on September 30

According to a recent CoinGate report, Evernorth, which holds XRP, has received approval from the U.S. Securities and Exchange Commission (SEC) to list on Nasdaq through a merger with Armada Acquisition Corp. Evernorth shareholders are scheduled to vote on September 30 (local time) on whether to proceed with the company's listing.

According to CoinGate, Evernorth currently holds 473,276,430 XRP, valued at approximately $672.3 million. This amount accounts for 0.473% of XRP's circulating supply. CoinGate predicted that if Evernorth joins the ranks of listed crypto-holding companies like Strategy and Bitmine, it could help boost XRP's value.

■ Chart Analysis: 'The $1.37 Support Level Is the Crossroads'

According to CoinGate's analysis of the XRP weekly chart, the price has fallen to the 200-week EMA support level of $1.37. CoinGate analyzed that if XRP drops below this EMA, it could signal that the long-term price trend has turned bearish.

As XRP has been pushed down to the 200-week EMA, CoinGate reported that traders who profited from the price rise from $1 to $1.66 are also selling. CoinGate projected that if they continue to take profits, XRP's price could fall to the 20-week EMA of $1.27. Conversely, if selling pressure eases and buying momentum returns, CoinGate forecast that XRP could hold above the $1.37 EMA and then rise again toward the 100-week EMA of $1.569.

The relative strength index (RSI) stood at 51. CoinGate interpreted this as a signal that buying momentum holds a slight edge over selling pressure. However, with the RSI line declining, CoinGate analyzed that buying strength is weakening, and accordingly, XRP's price could fall to $1.27.

[This article is by no means an investment recommendation. The content may only reflect opinions, so please do not use it as a reference or material for investment. All investments are made by individual judgment, and the final responsibility lies with the investor. This publication assumes no responsibility whatsoever.]