XRP Faces Key Events as Investors Watch $1.62 Price Target
XRP (CRYPTO: XRP) is trading at $1.52 as of October 5, 2026, up 2.1% over the past week. This modest rebound comes after a tough year where the cryptocurrency lost about 50% of its value, leaving it roughly 58% below its peak price of $3.65. Looking ahead to early April 2027, several key events could shape XRP’s future, including a Nasdaq listing, an upgrade to the XRP Ledger, two Federal Reserve meetings, and a new Ripple credit service.
One major development is Evernorth’s upcoming listing on Nasdaq under the ticker XRPN, scheduled for October 8. Evernorth holds 473 million XRP, offering stock investors a way to engage with the cryptocurrency. However, the listing’s impact will depend on whether Evernorth uses its cash reserves to buy additional XRP tokens. Additionally, the XRP Ledger is set to release Version 3.3.0, which will reintroduce the Batch feature and implement Permission Delegation, potentially as early as October 8 or 9.
The Federal Reserve’s meetings on October 27-28 and December 8-9 could also influence XRP’s price, as past interest-rate decisions have affected the cryptocurrency’s movements, which often align with Bitcoin (CRYPTO: BTC) trends. Despite a year of positive news around Ripple, including partnership announcements and listing updates, XRP has lagged behind Bitcoin, falling by about half compared to Bitcoin’s 30% drop.
One potential game-changer is Ripple’s new credit plan, announced by Ripple President Monica Long on October 3. This service would use XRP as collateral in lending pools for payment loans, with plans to launch next year. If successfully implemented, it could create a ‘held demand’ for XRP, contrasting with the quick transaction cycles that currently dominate its usage. However, the timeline and scale of this service remain uncertain.
Over the next six months, XRP’s performance is likely to be more influenced by Bitcoin and Federal Reserve decisions than by Ripple-related news alone. The $1.62 mark will be a key indicator to watch. If XRP rises above this level and outperforms Bitcoin by April 2027, it could signal a shift towards more long-term holding. Conversely, if Evernorth does not increase its XRP holdings and Ripple’s credit service launch is delayed, XRP may continue to track Bitcoin’s price fluctuations closely.