🚀🔥 EVERNORTH LISTS ON NASDAQ ON MONDAY WITH 473M XRP, BUT XRP’S PRICE IS FALLING. WHY? 🤔📉
Ripple-backed company Evernorth has completed its merger and will begin trading on Nasdaq on October 12 under the ticker XRPN 🏦 It comes with around 473M XRP (worth over $650M at the current price) and $300M in cash 💰 Investors include Ripple, SBI, Pantera, and Kraken.
But XRP has lost 9–10% in a week and is trading around $1.40 📉 A stock listing doesn’t automatically mean demand for the token itself. The market is under pressure from macro factors: higher oil prices 🛢, high U.S. Treasury yields, a strong dollar 💵, and weak Bitcoin.
According to analysts, support comes from the moving average line near $1.28 🛡
What do you think: will Monday’s listing give XRP a boost, or will the market ignore it? 👇🤔
#xrp #Ripple #Evernorth
Ripple-backed company Evernorth has completed its merger and will begin trading on Nasdaq on October 12 under the ticker XRPN 🏦 It comes with around 473M XRP (worth over $650M at the current price) and $300M in cash 💰 Investors include Ripple, SBI, Pantera, and Kraken.
But XRP has lost 9–10% in a week and is trading around $1.40 📉 A stock listing doesn’t automatically mean demand for the token itself. The market is under pressure from macro factors: higher oil prices 🛢, high U.S. Treasury yields, a strong dollar 💵, and weak Bitcoin.
According to analysts, support comes from the moving average line near $1.28 🛡
What do you think: will Monday’s listing give XRP a boost, or will the market ignore it? 👇🤔
#xrp #Ripple #Evernorth