As the U.S. stock market opened today, 473 million XRP made its home on Nasdaq.
Evernorth (ticker: XRPN) officially began trading on Monday, holding around 473 million $XRP , plus about $300 million in cash.
But there’s one detail I’m paying more attention to: 80.3% of SPAC shareholders chose to redeem their shares.
Smart money took its cash and left first—what are the people who stayed betting on?
My take:
1. Whether the stock trades at a discount or a premium is the real signal today. If it’s worth more than its XRP holdings, that means people are willing to pay for a “regulated gateway”; if it falls below NAV, the market sees it as nothing more than a wrapper.
2. On the crypto side, the 1h chart $XRP is currently at 1.4041. The high and low of the last 120 candles are 1.4778 and 1.3189, respectively, with the range down 3.94%. The Bollinger Bands are at 1.42 (upper), 1.40 (middle), and 1.38 (lower). Price is right on the middle band, with no clear direction.
3. Key levels: holding above 1.42 would signal strength; below 1.38, I’d look first to the previous low at 1.32. If the 1h candle closes back above 1.4778, I’ll admit I was wrong.
Profit-taking on good news, or another “listed at the top” moment? Which side are you betting on?
#XRP #内容挖矿 #XRPN
Just my personal opinion. Be mindful of the risks. DYOR
Evernorth (ticker: XRPN) officially began trading on Monday, holding around 473 million $XRP , plus about $300 million in cash.
But there’s one detail I’m paying more attention to: 80.3% of SPAC shareholders chose to redeem their shares.
Smart money took its cash and left first—what are the people who stayed betting on?
My take:
1. Whether the stock trades at a discount or a premium is the real signal today. If it’s worth more than its XRP holdings, that means people are willing to pay for a “regulated gateway”; if it falls below NAV, the market sees it as nothing more than a wrapper.
2. On the crypto side, the 1h chart $XRP is currently at 1.4041. The high and low of the last 120 candles are 1.4778 and 1.3189, respectively, with the range down 3.94%. The Bollinger Bands are at 1.42 (upper), 1.40 (middle), and 1.38 (lower). Price is right on the middle band, with no clear direction.
3. Key levels: holding above 1.42 would signal strength; below 1.38, I’d look first to the previous low at 1.32. If the 1h candle closes back above 1.4778, I’ll admit I was wrong.
Profit-taking on good news, or another “listed at the top” moment? Which side are you betting on?
#XRP #内容挖矿 #XRPN
Just my personal opinion. Be mindful of the risks. DYOR