$XRP Price to Surge as Nasdaq Listing Deploys 473 Million Coins into DeFi
The Nasdaq listing of Evernorth shares under the ticker XRPN on October 8, 2026, is expected to have a significant impact on the price of $XRP. With its financial foundation being 473 million $XRP on its balance sheet, making it the largest legally held $XRP pool among publicly traded companies worldwide, Evernorth will deploy these coins in DeFi protocols and arbitrage trades on the $XRP Ledger.
This move is expected to increase the amount of net $XRP held per XRPN share, leading to a supply crunch and potentially driving the token's price towards $2. The Nasdaq launch coincides with maximum tension on the price charts, with the asset holding in consolidation around $1.50.
Historically, the fourth quarter is the strongest period for $XRP, with an average historical return of +80.2% in November and +63.1% in December. The cumulative effect of the Nasdaq listing during this strong season creates a favorable environment for the asset's price to surge.
However, two market risks should be considered: the classic 'buy the rumor, sell the news' pattern could prompt traders to take quick profits and trigger sharp volatility, while direct exposure to the health of the U.S. market through the Nasdaq listing means any broad correction in U.S. indexes could slow the fund's performance.