XRP traded around $1.30 with a 1.5% 24-hour decline as Evernorth, the Nasdaq-listed XRP treasury company backed by Ripple, teased something special for the Ripple Swell conference in New York from October 27-29. The company plans to deploy 473 million XRP through institutional strategies in Q4, with Ripple, Kraken, Coinbase, and BitGo as initial execution partners. Immediate support sits at $1.27 while resistance begins at $1.31-$1.32, with potential exposure to $1.35-$1.40 on a sustained break. XRP remains below its 7-day and 30-day moving averages, keeping traders cautious while awaiting chart confirmation.
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