- Evernorth’s proposed public-market transaction advanced after shareholders approved the business combination and related proposals.
- $XRP remained above key daily moving averages, while its 4-hour chart showed price near $1.48 and below the $1.497 Bollinger Band midpoint.
- Analyst Ali Charts identified $1.54 as the key hourly breakout level, with a potential move toward $1.70 if confirmed.
$XRP price remains above key daily moving averages
$XRP held above its major daily moving-average levels as the token consolidated after September’s advance. On the daily TradingView chart, the 20-day simple moving average stood at $1.447, approximately 2.1% below the displayed price. The rising average remained beneath the recent pullback from September’s highs.
$XRP price daily chart — Oct. 1 | Source: TradingView
The 50-day moving average was positioned at $1.3672, while the 200-day and 100-day averages stood at $1.2802 and $1.2239, respectively. $XRP remained above all four levels after recovering from the August low near $1.
September’s advance lifted $XRP from roughly $1.28 to the $1.65 area before the latest decline, according to the daily price history. The most recent candles formed a sequence of lower highs after that peak, bringing the price back toward the rising 20-day average. The nearest moving-average reference was $1.447, followed by $1.3672. Above the current price, $1.50 represented the first round-number resistance area, while the September high near $1.65 remained the latest major peak.
The daily Chaikin Money Flow reading was negative at -0.08. Chaikin Money Flow evaluates where prices close within their trading ranges alongside volume. In this case, the reading indicated selling pressure during its calculation period, but it did not establish that investors withdrew a specific dollar amount.
Four-hour chart shows $XRP below the $1.497 midpoint
On the 4-hour TradingView chart, $XRP traded at $1.4785, just above the lower Bollinger Band at $1.4755. The 20-period midpoint was $1.497, while the upper band stood at $1.5184.
$XRP price 4-hour chart — Oct. 1 | Source: TradingView
The displayed Bollinger Band boundaries placed the immediate technical range between $1.4755 and $1.5184. A move above the midpoint would return $XRP to the upper half of that range, while a drop below the lower boundary would extend the current weakness.
Compared with September’s sharp advance, the latest 4-hour candles occupied a substantially narrower range. Both outer Bollinger Bands had moved closer together as $XRP settled near $1.48. The Average Directional Index stood at 18.57, below the commonly used 25 threshold. That reading indicated limited trend strength, although ADX alone does not determine whether the next move will be higher or lower.
In an Oct. 1 post, trader CW said $XRP remained blocked by selling resistance and needed to break through the sell wall to demonstrate an upward move. His assessment addressed overhead selling pressure rather than confirming a breakout.
Analysts identify $1.54 as the key $XRP breakout level
In a Sep. 30 post, Ali Charts said $XRP appeared to be forming a symmetrical triangle on the hourly chart. His setup placed the key confirmation level at $1.54 and made the potential upside dependent on an hourly close above that level.
$XRP: THE LEVEL TO WATCH$XRP appears to be developing a symmetrical triangle on the hourly chart.Now, everything comes down to $1.54.I’m waiting for an hourly close above $1.54 to confirm the breakout.If that happens, the pattern could trigger roughly a 10% rally toward… pic.twitter.com/3RqQoCsYfk
— Ali Charts (@alicharts) September 30, 2026
Ali Charts said a confirmed break could produce an approximately 10% rally toward $1.70. The target remained conditional on the specified hourly close, with the displayed $XRP price near $1.48 still below the $1.54 threshold.
Liquidation levels cluster above and below the current price
CoinGlass’s one-week liquidation heatmap showed estimated liquidation concentrations above the market around $1.56–$1.57 and $1.59–$1.60. Additional bands appeared around $1.63–$1.64.
$XRP liquidation heatmap | Source: CoinGlass
Below the latest price, the heatmap showed estimated concentrations around $1.46–$1.47, including a bright band near $1.46. These figures represented estimated liquidation exposure rather than completed liquidations or guaranteed price destinations.
During the week shown, CoinGlass’s price trace recorded a move above $1.60, a decline toward $1.47 and another brief rebound toward $1.56. By the right edge of the chart, $XRP had returned to the $1.48 area.
Evernorth shareholder vote advances planned XRPN listing
According to the supplied report’s account of Armada’s Oct. 1 SEC filing, shareholders approved the Evernorth Business Combination Proposal with 19,331,337 votes in favor, 1,362,081 against and 930 abstentions. The separate Merger Proposal received 20,514,597 votes in favor.
Shareholders also approved Armada’s proposed move from the Cayman Islands to Delaware, along with two nonbinding advisory proposals. As crypto.news reported on Aug. 28, the registration statement became effective on Aug. 27, allowing the shareholder process to proceed. Evernorth’s disclosures distinguish the SEC’s effectiveness determination from regulatory approval of the transaction’s investment merits.
For U.S. investors, the proposed transaction would create a Nasdaq-listed company that holds and manages $XRP. Armada already uses XRPN for its ordinary shares and XRPNW for warrants, according to the supplied report. The combined company is expected to use XRPN after closing.
The projected $XRP treasury balance was previously examined in Sep. 30 coverage. Expected holdings were placed at a minimum of 473,276,430 $XRP, including approximately 126.79 million tokens contributed by Ripple and 84.37 million tokens purchased for $214 million. The expected treasury balance therefore includes previously purchased and contributed $XRP, rather than a new 473 million-token purchase triggered by the shareholder vote.
Separately, Sep. 21 coverage detailed Evernorth’s conditional $30 million convertible note financing. Under the disclosed agreement, the 4% payment-in-kind notes mature in 2031, with issuance and payment scheduled alongside the closing of the business combination.
Why This Matters
The shareholder vote removes a key corporate approval hurdle for Evernorth’s proposed public-market transaction and planned XRPN listing. At the same time, the market data shows $XRP trading between established technical reference points: above its daily moving averages but below the $1.54 hourly breakout level identified by Ali Charts.
The treasury figures also clarify the structure of the proposed transaction. The reported balance consists of previously purchased and contributed $XRP, while the proposed financing and closing-related arrangements remain part of the broader transaction process. The next significant developments therefore relate to completion of the business combination and whether $XRP can move through the technical resistance levels identified on the charts.
Frequently Asked Questions
What did Evernorth shareholders approve?
Shareholders approved the Evernorth Business Combination Proposal, a separate Merger Proposal, Armada’s proposed move from the Cayman Islands to Delaware and two nonbinding advisory proposals.
What is the key $XRP breakout level?
Ali Charts identified $1.54 as the key confirmation level and said an hourly close above it could support a roughly 10% rally toward $1.70. $XRP’s displayed price was around $1.48 and remained below that level.
How much $XRP is expected in Evernorth’s treasury?
The projected balance was reported at no less than 473,276,430 $XRP, including approximately 126.79 million tokens contributed by Ripple and 84.37 million tokens purchased for $214 million.