Key Highlights
- The digital asset appreciated approximately 1.89% to reach $1.51 following an earlier decline beneath $1.47, spurred by Armada Acquisition Corp. II shareholders greenlighting the Evernorth combination.
- The combined entity intends to secure a Nasdaq listing with the symbol “XRPN” and encompasses the distribution of over 473 million XRP tokens.
- The token delivered a 48% advance during Q3 2026, marking its strongest third-quarter showing since 2022, though it trades 59% beneath its July 2025 peak of $3.65.
- Tokens held on exchanges decreased from 12.9 billion to 11 billion XRP starting in April, with 1.6 billion XRP exiting trading platforms within the last fortnight.
- Technical charts reveal a symmetrical triangle formation on the four-hour timeframe, with market observers monitoring $1.54 and $1.70 as critical thresholds for potential upward momentum.
The cryptocurrency advanced on September 30 following the shareholder decision by Armada Acquisition Corp. II to proceed with the Evernorth Holdings combination. Evernorth represents a Ripple-supported entity with plans to establish a significant corporate XRP reserve.
The digital asset gained approximately 1.89% to settle at $1.51. This upward movement followed an earlier retreat below $1.47 in anticipation of the voting outcome.
Price action remained volatile across the trading session. The token briefly reached $1.55 during morning hours before reversing course and consolidating within the $1.48 to $1.50 range for extended periods.
An afternoon surge lifted prices to $1.54, though momentum weakened back toward $1.50. The cryptocurrency discovered buying interest at that level before recovering to $1.51.
Bear Champ, a contributor associated with the XRP Ledger ecosystem, disclosed the voting results via X. “Listened in on the Armada/Evernorth merger vote, it passed,” Bear Champ communicated, providing early confirmation to the community ahead of formal announcements.
The corporate transaction does not immediately affect current XRP token ownership. Rather, it establishes the framework for Evernorth to create a substantial, exchange-listed corporation maintaining a considerable XRP treasury position.
The proposed deal encompasses more than 473 million XRP tokens. Following completion of remaining procedural requirements, the merged organization will commence Nasdaq trading with the ticker symbol “XRPN.”
Record-Breaking Quarterly Performance
The cryptocurrency begins October following a 48% quarterly appreciation during Q3, representing its most impressive third-quarter result in four years. The asset remains 59% beneath its record high of $3.65, established in July 2025.
United States spot XRP exchange-traded funds currently maintain approximately 1.16 billion XRP, representing a market value approaching $1.76 billion. Aggregate net capital flows into these investment vehicles have totaled roughly $1.68 billion.
Market analyst Ali Charts published technical observations on X, highlighting a crucial price threshold for market participants. “XRP appears to be developing a symmetrical triangle on the hourly chart. Now, everything comes down to $1.54,” Ali Charts noted, suggesting that sustained trading above this marker could facilitate advancement toward $1.70.
Ripple’s annual Swell gathering is scheduled for New York spanning October 27 through 29. Financial markets are currently assigning up to a 64% probability for a Federal Reserve monetary policy decision during the October 27-28 session.
Historical data indicates October has traditionally delivered unfavorable returns for the token. The asset averaged a 5.14% monthly decline in October and registered negative closes throughout both 2024 and 2025.
Circulation Dynamics and Technical Indicators
Analytics from Glassnode demonstrate XRP exchange inventories declined from approximately 12.9 billion to 11 billion tokens beginning in April. Roughly 1.6 billion XRP departed trading platforms during just the previous two-week period.
Significant holders purportedly accumulated 470 million XRP across five consecutive days last week. Binance’s XRP scarcity metric, concurrently, retreated to its lowest reading since January 2025.
Weekly chart analysis reveals XRP penetrated a descending resistance line that had constrained price action since its July 2025 apex. The breakthrough received confirmation through elevated volume activity during August.
The weekly Relative Strength Index registers near 55, positioned above neutral territory, after similarly overcoming its preceding downward trajectory. The cryptocurrency currently maintains technical support within the $1.47 to $1.50 zone.
The four-hour timeframe displays a symmetrical triangle configuration, with converging trendlines approaching intersection around October 3. Overhead resistance exists at $1.59, while support levels anchor at $1.47 and $1.38.
A successful breakout from this consolidation structure could establish a price objective of $1.83. Conversely, pattern failure might direct prices toward $1.17, corresponding with the 0.786 Fibonacci retracement threshold.
Ripple may additionally unlock up to 1 billion XRP from programmed escrow on October 1, introducing an additional variable for market participants to evaluate this week.
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