XRP trades at $1.46, down by more than 2% over 24 hours, as the market counts down to Evernorth’s delayed Nasdaq debut. The merger between Evernorth and Armada Acquisition Corp. II, expected to result in listing under the symbol XRPN on October 8, has been pushed back, adding another layer of uncertainty. At closing, Evernorth is expected to hold 473 million XRP and receive about $300 million in gross cash proceeds. The treasury was valued at nearly $714 million at XRP’s recent price of $1.51. Support sits around $1.46-$1.48, with resistance at $1.54-$1.56 and September high near $1.65.
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