XRP Price Forecast: $1.40 Support Lost Ahead of XRPN Listing

Today’s XRP price forecast signals a -1% overnight drop to $1.39, contrasting with a slightly positive broader market. This drop was primarily driven by a sell-off in leveraged derivatives positions ahead of the Evernorth Nasdaq listing scheduled for October 12. Trading volume has dropped more than -53% in 24 hours, with transaction value now at $693M. Over the past week, XRP futures open interest fell -8.6%, suggesting traders are closing leveraged long positions. Crypto analysts noted that forced liquidations can intensify selling pressure, creating a negative feedback loop.

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