XRP is attempting to stabilize after a sharp correction from its September highs, with the price currently trading around $1.40. While buyers have managed to trigger a rebound from the $1.30 support area, the broader technical picture remains mixed.
XRP faces fresh scrutiny after Cyber Capital founder Justin Bons ignited a firestorm over the network's decentralization.
Crypto markets reversed course during the week, with Bitcoin falling from the $87,000 area toward $80,000 as selling pressure intensified. By Oct. 10, BTC had recovered to around $83,000, but the broader market remained under pressure.
Investors seeking exposure to Evernorth's planned XRP treasury through public markets will wait slightly longer than first indicated after the company adjusted its merger and listing timetable.
Evernorth, the Ripple-backed company building an XRP-focused digital asset treasury, has completed its merger with Armada Acquisition Corp. II, according to a regulatory filing.
Ledger-based tracking indicates the release will occur at 8 p.m. ET on Oct. 31, but the amount entering circulation or being sold is unconfirmed.
Ripple is just three weeks away from unlocking another 1 billion XRP from escrow, with the next release scheduled for November 1.
The release addressed two security-sensitive issues and introduced the fixBatchV1_2 amendment, which activated on Mainnet Oct. 9.
Evernorth completed its merger with Armada Acquisition Corp. II on October 9 and expects XRPN shares to start trading on Nasdaq on October 12. XRP remains near $1.
Evernorth has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP and raising about $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq trading debut. Evernorth announced on Oct.
Evernorth has completed its merger with Armada Acquisition Corp. II, preparing to enter Nasdaq with 473 million XRP and $300 million in gross cash proceeds. Through this transaction, the company aims to expand institutional services and infrastructure across the XRP ecosystem.
The XRP Ledger has disclosed an overflow in its payment engine that sat in the code since 2015 and could have created spendable XRP far beyond the total supply. The flaw is closed with xrpld 3.4.1, with no indication of exploitation.