# Ripple-backed Evernorth adds new agreements as XRP hovers near $1.09

**Published:** 2026-07-14T21:38:30.195Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/48b22d4a-ff18-48a7-9e22-873c31ed8e84

XRP trades around $1.09, down 6% month‑to‑date, with key support at $1.00. New Evernorth deals signal fresh utility ahead of the planned XRP treasury launch.

Ripple‑backed Evernorth announced fresh partnership agreements this week, coinciding with XRP’s price lingering just above $1.09 on Bitstamp. The token has slipped more than 6% over the past month, keeping the $1.00‑$0.95 support zone in sharp focus for traders and investors.

| At a glance | |
|---|---|
| Price | $1.09 |
| 24‑hour change | –2.23% |
| Monthly change | –6.83% |
| Catalyst | New Evernorth agreements ahead of XRP treasury launch |

## Price pressure and technical backdrop  
XRP’s current level of $1.09 sits well below its 200‑day EMA of $1.468, a moving average that has historically acted as resistance for the token. All major exponential and simple moving averages—from the 10‑period to the 200‑period—remain above price, generating a predominance of sell signals on TradingView’s aggregate readout (14 sell vs. 2 buy)【2】. The Relative Strength Index (RSI) sits at 43.45, under the neutral 50 mark, indicating continued bearish momentum. Should the price break beneath $0.90, analysts project a deeper decline toward $0.44, echoing past drawdown patterns【2】.

## On‑chain activity and whale behavior  
Large‑scale XRP Ledger transactions have plummeted dramatically. The number of daily transfers exceeding $1 million fell from roughly 70 earlier in the week to just 2 on the latest day, according to Santiment data cited by analyst Ali Martinez【2】. This sharp drop reflects a pause by major holders rather than active liquidation, suggesting institutional participants are adopting a “wait‑and‑see” stance. Open interest in XRP futures has also contracted, and exchange reserve balances show a modest downward trend, hinting at cautious market sentiment despite the recent partnership announcements.

## Ripple’s broader positioning  
Beyond the token’s price action, Ripple continues to pursue strategic infrastructure moves. The firm has secured conditional approval to operate a national trust bank and is seeking a Federal Reserve master account—steps that would allow Ripple to settle client transactions directly on the Fed’s payment rails, bypassing commercial banks【1】. While these developments primarily benefit Ripple’s corporate operations and its RLUSD stablecoin (which has surpassed $1.6 billion in assets), they underscore the company’s intent to embed XRP more deeply into the U.S. financial system.

## What to watch
- **$1.00 support** – A breach could trigger a slide toward $0.95 and lower levels.  
- **$0.90 barrier** – Falling below this may open the path to $0.44, a historic low.  
- **Evernorth agreement rollout** – Monitor any disclosed details on how the new deals will channel XRP into the upcoming treasury, which could affect on‑chain demand.

The convergence of fresh Evernorth agreements and a persistently bearish technical picture leaves XRP at a crossroads: sustained support could stabilize the token, while further downside may reflect lingering institutional caution despite Ripple’s expanding regulatory foothold.

## Sources
1. 24/7 Wall St. — [Ripple Almost Shut Down in 2020, Now XRP Makes History on a Jersey Patch](https://247wallst.com/investing/cryptocurrency/2026/07/12/ripple-almost-shut-down-in-2020-now-xrp-makes-history-on-a-jersey-patch/)
2. Blockonomi — [Ripple (XRP) Price Hovers Near $1 as Whale Transactions Plummet and Bearish Signals Dominate](https://blockonomi.com/ripple-xrp-price-hovers-near-1-as-whale-transactions-plummet-and-bearish-signals-dominate/)

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Cite as: TrendWatcher, "Ripple-backed Evernorth adds new agreements as XRP hovers near $1.09", https://www.trendwatcher.in/article/48b22d4a-ff18-48a7-9e22-873c31ed8e84