$XRP Short the market
【Evernorth: Plans to go public on Nasdaq, holding more than 473 million XRP】
According to data from CoinCircle.com, Evernorth, a digital-asset treasury company backed by Ripple, is nearing a shareholder vote that could list its treasury strategy holding more than 473 million XRP on Nasdaq under the ticker code XRPN. Shareholders of Armada Acquisition Corp. II are scheduled to vote on September 30. If approved and other conditions are met, the merged company is expected to trade on Nasdaq. Evernorth said the contribution from its XRP purchases and commitments has exceeded 473.3 million XRP, including the recent purchase of $214 million worth of...
On-chain data shows that recent net inflows to exchanges have increased. Some position holders choose to reduce holdings after the news is released, which adds to near-term selling pressure on XRP. Be alert to the risk of further pullbacks.
From a fund-flow perspective, after the news lands, uncertainty increases. In the short term, funds tend to take profits and stay on the sidelines. XRP’s technical chart has already shown signs of a slowdown in momentum. Combined with disruptions from the news, the probability of a pullback rises.
Entry: 1.277-1.292
Take profit: 1.277
Stop loss: 1.335
Looking at the moving-average system, the 5-day moving average has already turned downward and is close to forming a dead cross with the 10-day moving average. A bearish alignment of short-term moving averages is taking shape. Dropping below the EMA20 is the confirmation signal—then adding positions would be timely. For now, hold the initial stake.
If you wait to short at a higher level, you’ll most likely miss this leg of the decline. The current price is 1.276, not far from the entry. Short in batches—don’t go all-in at once. Keep some “ammunition” to deal with any upside push.
At 1.277, this is the lower edge of a previous high-activity trading zone, where the most concentrated holdings are. That means the strongest support is likely here. On the first arrival, there will probably be some back-and-forth. I don’t expect it to hit perfectly in one go. If it reaches the level, reduce some positions first, and decide whether to short again only after the rebound is confirmed. Timing matters more than direction.
Stop loss isn’t admitting defeat—it’s protecting capital. A break above 1.335 means my judgment is wrong. If I’m wrong, admit it. Don’t fight the market. The outcome of holding losing positions tends to be “the deeper you hold, the worse it gets,” and you often end up cutting at the highest point. Set your stop loss, and you can sleep peacefully.
🔴Click here to place an order👉👉👉 $XRP
【Evernorth: Plans to go public on Nasdaq, holding more than 473 million XRP】
According to data from CoinCircle.com, Evernorth, a digital-asset treasury company backed by Ripple, is nearing a shareholder vote that could list its treasury strategy holding more than 473 million XRP on Nasdaq under the ticker code XRPN. Shareholders of Armada Acquisition Corp. II are scheduled to vote on September 30. If approved and other conditions are met, the merged company is expected to trade on Nasdaq. Evernorth said the contribution from its XRP purchases and commitments has exceeded 473.3 million XRP, including the recent purchase of $214 million worth of...
On-chain data shows that recent net inflows to exchanges have increased. Some position holders choose to reduce holdings after the news is released, which adds to near-term selling pressure on XRP. Be alert to the risk of further pullbacks.
From a fund-flow perspective, after the news lands, uncertainty increases. In the short term, funds tend to take profits and stay on the sidelines. XRP’s technical chart has already shown signs of a slowdown in momentum. Combined with disruptions from the news, the probability of a pullback rises.
Entry: 1.277-1.292
Take profit: 1.277
Stop loss: 1.335
Looking at the moving-average system, the 5-day moving average has already turned downward and is close to forming a dead cross with the 10-day moving average. A bearish alignment of short-term moving averages is taking shape. Dropping below the EMA20 is the confirmation signal—then adding positions would be timely. For now, hold the initial stake.
If you wait to short at a higher level, you’ll most likely miss this leg of the decline. The current price is 1.276, not far from the entry. Short in batches—don’t go all-in at once. Keep some “ammunition” to deal with any upside push.
At 1.277, this is the lower edge of a previous high-activity trading zone, where the most concentrated holdings are. That means the strongest support is likely here. On the first arrival, there will probably be some back-and-forth. I don’t expect it to hit perfectly in one go. If it reaches the level, reduce some positions first, and decide whether to short again only after the rebound is confirmed. Timing matters more than direction.
Stop loss isn’t admitting defeat—it’s protecting capital. A break above 1.335 means my judgment is wrong. If I’m wrong, admit it. Don’t fight the market. The outcome of holding losing positions tends to be “the deeper you hold, the worse it gets,” and you often end up cutting at the highest point. Set your stop loss, and you can sleep peacefully.
🔴Click here to place an order👉👉👉 $XRP