XRP traded at $1.50 at 05:00 UTC on October 4, placing it within five cents of the daily chart’s nearest major resistance at $1.55. That leaves $1.54 as a notable approach point rather than a confirmed breakout level: the supplied technical setup identifies a close above $1.55 as the continuation trigger.

The timing coincides with Evernorth’s move toward a public listing. Armada II shareholders approved its business combination on September 30; the transaction is expected to close on October 7, with Nasdaq trading under the ticker XRPN expected to begin on October 8, according to Evernorth Holdings.

At closing, Evernorth expects to hold about 473 million XRP and raise about $300 million in gross cash proceeds through private placements and convertible financing. The prospective listing creates a specific news event for XRP traders to watch, but the chart still requires a clean move through its nearby barrier before the $1.54 setup can be treated as a broader upside signal.

XRP daily indicators remain constructive below the $1.55 test

The daily readings show XRP above each of the three supplied exponential moving averages. At the $1.50 spot price, the token was above the 20-day EMA at $1.47, the 50-day EMA at $1.39 and the 200-day EMA at $1.38. That positioning supports the current constructive trend assessment, while also showing how much room exists below spot before the longer-term trend measures are tested.

The 20-day EMA is particularly relevant because it sits only three cents below the quoted spot price and is described as dynamic support. Its proximity means a pullback toward that area would remain within the immediate daily structure, whereas a deeper move would bring the $1.39 and $1.38 EMA supports into focus.

Momentum has not yet reached an overbought reading. Daily RSI(14) was 56.53, classified as neutral, with the source characterising momentum as positive but not overbought. That reading is consistent with upside capacity into resistance, but it does not by itself establish that XRP can clear $1.55.

The Bollinger Bands frame the same tension. XRP was above the middle-band SMA at $1.46 but below the upper band at $1.64; the lower band stood at $1.29. In practical terms, price was holding above a central reference point while still facing overhead space and the nearer chart resistance at $1.55. The daily inputs cited here are from CoinLore, observed October 4.

XRP support at $1.46 and resistance at $1.55 define the Nasdaq-debut range

The most consequential levels are tightly grouped around the $1.50 spot price. Support begins at $1.46, derived from recent price action and the Bollinger middle SMA. Above the market, $1.55 is the nearest major resistance and the documented level requiring a close above it to signal continuation.

LevelRoleTechnical basis$1.55Nearest major resistanceRecent price action; close above is the continuation trigger$1.65Next resistanceLevel identified after a sustained break above $1.55$1.46Nearest supportRecent price action and Bollinger middle SMA$1.39Secondary support50-day EMA$1.38Second support zone200-day EMA

For an upside move, $1.54 would bring XRP to the doorstep of the decisive $1.55 level, but it would not remove that obstacle. A daily close above $1.55 is the condition supplied for continuation. If that break is sustained, $1.65 becomes the next stated resistance, broadly in line with the $1.64 upper Bollinger Band.

Conversely, the bullish near-term structure would weaken if XRP failed to hold $1.46. The next supplied downside references are $1.39 and $1.38, where the 50-day and 200-day EMAs converge closely. Those levels are supports, not forecasts of a decline; they define the areas that would matter should the first layer give way.

This creates a relatively narrow event-sensitive range into the planned XRPN debut. At the observed spot price, XRP was four cents above its nearest support and five cents below its nearest major resistance, making the market’s reaction at those boundaries more informative than a move to $1.54 alone.

XRP support and resistance visualization — Source: CoinLore

Can Evernorth’s XRPN debut turn $1.54 into an XRP breakout setup?

The immediate XRP price prediction is conditional. The Evernorth transaction is a tangible catalyst because its expected October 7 closing and anticipated October 8 XRPN debut arrive while XRP is trading above its 20-day, 50-day and 200-day EMAs. The company’s expected 473 million XRP holding at closing also gives the listing a direct treasury link to the asset.

Evernorth has additionally revised transaction terms so share issuance aligns with XRP’s value at closing, a change intended to make each share represent a larger portion of the underlying XRP treasury, according to the company’s August announcement. That may sharpen market attention on the public vehicle and its XRP exposure, but it does not determine XRP’s spot-price direction.

On the technical evidence, $1.54 is a plausible trigger area only in the limited sense that it is one cent beneath the identified $1.55 resistance. A move there would indicate XRP is pressing the range ceiling. The stronger confirmation would be a close above $1.55, which would put $1.65—the next supplied resistance—into view. RSI at 56.53 and price above the key daily EMAs leave that scenario technically open without indicating an overextended market.

The alternative is equally clear. If the Nasdaq-debut news does not translate into sustained buying and XRP loses $1.46, the short-term setup would weaken and attention would shift to $1.39 and $1.38. For now, Evernorth’s expected listing adds a defined event to the calendar; the daily chart makes $1.55, rather than $1.54, the level that would validate a continuation case.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.