XRP price trades below 50 SMA ahead of XRPN Nasdaq listing
After a sharp correction, XRP is trying to recover part of its losses, but the market structure still falls short of confirming a durable return to upside momentum.
1.4214
1.5240
Evernorth Holdings will begin trading on Nasdaq on October 12 under the ticker XRPN after completing its merger with Armada Acquisition Corp. II, a special purpose acquisition company. The company enters the public markets with approximately 473 million XRP and around $300 million in gross proceeds.
Evernorth describes itself as an “actively managed XRP treasury” and aims to increase its XRP holdings per share through yield-generating strategies and participation in the XRP ecosystem.
XRP needs the 50 SMA back before the trend can improve
The scenario outlined in the previous analysis has now played out in full. XRP reached the $1.326 target and briefly tested $1.318.
The rebound that followed does not yet look like a convincing return to an uptrend. For now, the move is more consistent with short covering after a rapid decline.
The main technical obstacle remains unchanged. XRP is still trading below the 50-day SMA near $1.431 and resistance at $1.455. Until price reclaims that area, it is too early to call the previous bullish structure restored.
Over the next several sessions, the risk of another move lower toward $1.381 has increased. The reaction around that level could provide the first more reliable indication that selling pressure is beginning to fade.
If $1.381 holds, downside momentum could ease and give the market room to build a base for another recovery attempt.
Momentum indicators offer one constructive signal. RSI (14) has fallen sharply since the sell-off and returned to neutral territory. Unlike during the previous leg higher, the indicator is no longer at levels that would, by themselves, constrain another upside move.
Lower liquidity could amplify XRP volatility this week
XRP may face an unusual setup over the coming days. Its own news flow remains active thanks to the XRPN debut, while much of the broader global risk appetite will be shaped outside the crypto market.
The start of U.S. earnings season and a packed macroeconomic calendar could temporarily draw trading activity toward equities, bonds and foreign exchange. For crypto, that may translate into less consistent liquidity, with quieter periods interrupted by sharp moves as new inflation and rate signals hit the market.
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