Evernorth began trading on Nasdaq on October 12 with a treasury of approximately 473 million XRP tokens. The listing resulted from a merger with Armada Acquisition Corp. II that raised over $1 billion, with investments from Ripple, SBI Group, Kraken, and Pantera Capital. The company positions itself as an actively managed XRP treasury, planning deployments in institutional yield strategies, infrastructure, and on-chain credit. XRP is currently trading around $1.40, with analysts watching the key resistance level at $1.50 to confirm a recovery. Bullish targets identified range from $1.70 to $3.65, the latter matching the all-time high reached last July.
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