Crypto
XRP Eyes $1.47 as Evernorth Listing Momentum Builds
XRP traders are watching $1.47 as Evernorth's planned Nasdaq listing and ETF demand build pressure on the token.
According to CoinGecko data, XRP has risen 8.7% over the past seven days to trade near $1.42, with a recent intraday high of $1.47.
The main catalyst for the move is Evernorth Holdings' progress towards listing on Nasdaq under the ticker XRPN after the US Securities and Exchange Commission declared the Form S-4 registration statement tied to its proposed merger with Armada Acquisition Corp. II.
Evernorth, backed by Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital, plans to operate as an actively managed XRP treasury, holding the token while deploying capital across the XRP ecosystem.