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XRP dips 2% despite $3.32M ETF inflows amid Evernorth SPAC merger progress

Market News
08 Apr 2026
Benzinga
View Source
Neutral
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XRP fell 2% after reaching $1.39 but saw $3.32 million net inflows into U.S.-listed spot ETFs on April 7. The Evernorth SPAC merger aims to create the largest public XRP treasury company with backing from major investors like Ripple and Pantera Capital, pending SEC approval. XRP faces technical resistance around $1.38-$1.40, with key support at $1.33-$1.34. A break below support could target $1.28, while a close above $1.40 may end the recent correction. The article also notes XRP's strong quantum security compared to Bitcoin, with minimal dormant vulnerable whale accounts.

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