XRP Price Rebound Faces Challenges Ahead of Evernorth Shareholder Vote

XRP is trading near $1.48 on September 28, with a 24-hour volume of roughly $3.55 billion, according to CoinMarketCap.

The token had retreated from a September 23 high of $1.66 and was sitting at an immediate support area and below a nearby consolidation ceiling.

The timing is notable for an XRP price prediction today as Evernorth and Armada Acquisition Corp. II have scheduled a September 30 shareholder vote on their proposed transaction, which could lead to the combined company listing on Nasdaq under the ticker XRPN if approved by shareholders.

A push to $1.55 would require XRP to rebound from the current support zone while reversing a bearish short-term trend structure.