XRP is holding near the $1.50 area as the market turns its attention to one of the biggest XRP-related events of October. On Binance, XRP is around $1.50, with recent trading showing continued consolidation around this level. �
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The bigger story is Evernorth.
Evernorth shareholders have approved the business combination, clearing the way for the company to complete its transaction and begin trading on Nasdaq under the ticker XRPN, with trading expected to start October 8. At closing, Evernorth is expected to hold approximately 473 million XRP. �
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🔥 Why October 8 Matters
This creates another regulated market route for investors seeking exposure to XRP through a publicly traded company rather than holding XRP directly.
The transaction has raised more than $1 billion, with investors including Ripple, Pantera Capital, Kraken, SBI Group and others. Evernorth expects roughly $300 million in gross cash proceeds from the transaction. �
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But here is the key point:
A Nasdaq listing does NOT automatically mean XRP must rise.
The real test will be whether the new public-market structure attracts sustained demand while XRP remains near the $1.50 zone.
📊 XRP Market Setup
XRP has recently been trading in a relatively tight range around $1.50, making this an important area for traders to watch. Recent Binance data shows XRP moving between roughly $1.49 and $1.50 on October 2, while September trading saw several tests both above and below this region. �
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If XRP can build momentum above recent resistance, attention could quickly increase ahead of the October 8 Nasdaq debut.
On the other hand, losing the current support area could keep XRP in a broader consolidation phase.
👀 The Question Everyone Is Watching
Will Wall Street demand XRP exposure through XRPN — or will the Nasdaq debut simply create another way to gain exposure without immediately changing XRP’s price?
October 8 could provide an important real-world test.
For now, $1.50 remains the level to watch.
The XRP + Nasdaq story is getting bigger — and the market is watching. 👀
#XRP #Ripple #XRPN #Evernorth #Crypto #Binance #XRPNews #CryptoMarket
*Market prices move quickly, and the Nasdaq debut does not guarantee any particular XRP price outcome.*