XRP Rebounds Above $1.50 as Evernorth Merger Vote Passes

XRP has recovered above $1.50 after falling below $1.47 on September 30, following a reported shareholder vote in favor of Evernorth's merger with Armada Acquisition Corp. II.

The combined company is expected to hold at least 473.3 million XRP at closing, according to Evernorth's disclosed transaction terms.

The proposed XRPN listing and a separate $30 million financing agreement remain tied to the completion of the transaction.