BTC $83,416 
ETH $2,555 
USDT $0.9993 
BNB $749.44 
XRP $1.40 
USDC $0.9997 
SOL $111.58 
TRX $0.3315 
FIGR_HELOC $1.06
ZEC $1,305 XRP Price Prediction Ahead of Tomorrow's Expected XRPN Nasdaq Debut
Evernorth's XRPN ticker debuts on Nasdaq Monday with a 473 million XRP treasury as XRP trades near $1.41.
Key takeaways
- XRP at $1.41. XRP traded at $1.41 on October 11, down more than 6% over the week.
- Evernorth's 473M XRP. Evernorth's treasury holds approximately 473 million XRP and $300 million in gross cash proceeds.
- XRP ETFs zero flows. XRP spot ETFs reported zero net flows on October 9, with total net assets of $1.57 billion.
What happened
Evernorth, a company holding a large XRP treasury, is set to begin trading on the Nasdaq under the ticker XRPN on Monday, October 12, following the October 9 close of its merger with Armada Acquisition Corp. II. The company confirmed it holds approximately 473 million XRP and roughly $300 million in gross cash proceeds before transaction expenses, and plans to deploy capital to support XRP ecosystem infrastructure and applications.
XRP traded at $1.4160 on October 11, with its latest four-hour candle down 0.66%, and remained above the $1.40 support level after recovering from an earlier weekly decline. Positive MACD readings indicate early recovery momentum, with $1.50 resistance to watch, while the Chaikin Money Flow measured slightly above zero, suggesting modest accumulation.
Why it matters
The XRPN listing will give investors public market exposure to XRP via standard brokerage accounts, marking the largest publicly traded XRP treasury to list on a major U.S. exchange. The debut is a widely watched near-term catalyst for XRP, though market participants note its impact will depend on whether it drives fresh spot buying rather than being already priced in by traders. XRP is currently testing support near $1.40, with a sustained move below that level weakening the recovery outlook, while a break above the $1.50, $1.56 band would be needed for a stronger upward setup.
What the data shows
XRP spot ETFs recorded zero net flows on October 9, with total net assets of $1.57 billion, equivalent to 1.80% of XRP's market capitalization. Trading volume for the five ETFs hit $26.33 million, while cumulative net inflows since launch stood at $1.80 billion. Bitwise leads the group with $581.33 million in assets, followed by Franklin Templeton with $413.96 million and Canary Capital with $339.78 million. In derivatives markets, XRP options volume surged, with total derivatives volume up 3.71% to $1.51 billion and open interest down 0.37% to $3.08 billion.
Background
Evernorth's investor base includes Ripple, SBI Group, Pantera Capital, Kraken and GSR, all of which participated in the company's financing. The firm has stated it plans to increase XRP holdings per share over time via its treasury strategies, and aims to fund infrastructure and applications that support wider XRP adoption.
What is still unclear
- It is unclear whether the XRPN debut will generate fresh spot demand for XRP or if traders have already priced in the catalyst, with the close and volume response after trading begins expected to provide clearer direction.
Questions readers ask
When does XRPN start trading on Nasdaq?
Evernorth expects its XRPN ticker to begin trading on the Nasdaq on Monday, October 12, following the October 9 close of its merger with Armada Acquisition Corp. II.
How much XRP does Evernorth hold?
Evernorth reported holdings of approximately 473 million XRP, along with roughly $300 million in gross cash proceeds before transaction expenses.
What are XRP's key price levels ahead of the debut?
XRP traded near $1.41 on October 11, with immediate resistance at $1.42, a key recovery level at $1.50, and support clustered at $1.30, $1.34.
