XRP Tests Critical 200-Week EMA Support While ETF Inflows Surge to Multi-Month Highs

XRP is down 2.46% to around $1.38, testing critical 200-week EMA support near $1.37. Analysts warn that if XRP breaks below this level, it could enter a longer-term bearish phase, with the next support zone cited around the 20-week EMA at roughly $1.27. The Relative Strength Index is at 51 but slipping, suggesting cooling momentum. At the same time, ETF activity is strengthening: XRP ETFs saw $110.49 million in weekly inflows (best since December 2025), with Bitwise leading at $59.95 million. On August 28 alone, $26.20 million flowed into the products, continuing positive inflows for nine sessions. Separately, Evernorth received SEC clearance for a NASDAQ listing via an Armada Acquisition Corp merger.