XRP advanced 1.89% to $1.51 after Armada Acquisition Corp. II shareholders approved the merger with Evernorth Holdings, a move set to reshape the token’s market dynamics. The approval paves the way for Evernorth, which is supported by Ripple, to establish a major corporate treasury of XRP and seek a Nasdaq listing under the ticker “XRPN.”
Merger Approval Triggers Price Recovery
After dipping below $1.47 in early trading, XRP rebounded as news of the shareholder decision emerged. The price briefly touched $1.55 during the morning before retreating and consolidating within the $1.48-$1.50 range for much of the session. By the afternoon, renewed buying interest lifted the price to $1.54 before settling at $1.51.
The corporate deal does not directly impact current XRP holders. Instead, the arrangement will result in a newly listed entity holding over 473 million XRP tokens once other regulatory steps are completed. Nasdaq trading for the combined group is expected to begin following the finalization of procedural requirements.
Bear Champ, an XRP Ledger ecosystem contributor, confirmed the merger results through X, noting that the Armada-Evernorth merger vote had passed and sharing early details with the community even before official announcements.
The transaction’s structure will equip Evernorth with a substantial XRP treasury and a public profile through its planned Nasdaq debut.
Quarterly Gains and Technical Breakout Potential
XRP enters October with strong momentum following a 48% surge in the third quarter, the best Q3 result since 2022. However, the token remains 59% below its all-time high of $3.65 reached in July 2025.
Spot XRP exchange-traded funds in the United States currently hold about 1.16 billion XRP, with a combined value of nearly $1.76 billion. Net inflows into these products have amounted to approximately $1.68 billion in total.
Technical analysis on the four-hour chart shows a symmetrical triangle formation, with key resistance at $1.54 and a potential breakout target of $1.70 if momentum holds.
Ali Charts, a digital asset analyst, pointed out on X that the market focus is now on the $1.54 level. Sustained trading above this mark could prompt a further rally towards $1.70 for XRP, according to the analysis.
Meanwhile, Ripple’s annual Swell event is scheduled for October 27-29 in New York, coinciding with a Federal Reserve policy meeting where markets assign a 64% chance of an interest rate move. Historically, October has been a weaker month for XRP, with an average monthly drop of 5.14% and negative closes in both 2024 and 2025.
Supply Trends, Technical Levels, and Trader Tools
Glassnode data indicates that XRP exchange reserves have fallen from 12.9 billion to 11 billion since April, with 1.6 billion tokens withdrawn from trading platforms over the past two weeks. Major holders reportedly accumulated 470 million XRP across five straight days recently, and Binance’s XRP scarcity ratio is now at its lowest since January 2025.
The weekly chart confirms that XRP has broken out above a downward resistance trendline in place since July 2025, a move supported by increased trading volumes in August. The weekly relative strength index stands near 55, reflecting ongoing upward momentum and healthy technical conditions above the $1.47 to $1.50 support level.
Short-term charts continue to point to a symmetrical triangle pattern, with resistance near $1.59 and support established at $1.47 and $1.38. Should the pattern resolve upward, analysts see a price target of $1.83; a reversal could bring a move toward $1.17, which aligns with the 0.786 Fibonacci retracement zone.
Looking ahead, Ripple may unlock up to 1 billion XRP from escrow on October 1, adding another layer of complexity to market dynamics this week. In an environment where a Federal Reserve decision or rapid listing news can swiftly drive volatility, traders are seeking to streamline their analysis and monitoring processes. Many now prefer privacy-first platforms such as CryptoAppsy, which offer real-time charts, customizable price alerts, market news, and macroeconomic data on a single screen—all without requiring users to sign up.
