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Nasdaq listing of Evernorth with 473M XRP could drive XRP price to $2 amid supply crunch and strong seasonal gains.

Market News
03 Oct 2026
UToday
View Source
Bullish
Nasdaq listing of Evernorth with 473M XRP could drive XRP price to $2 amid supply crunch and strong seasonal gains.

Evernorth will begin trading on Nasdaq on October 8, 2026, holding 473 million XRP, the largest legally held XRP pool by a public company. Instead of passive holding, Evernorth plans to use these XRP in DeFi and arbitrage, reducing circulating supply and potentially driving XRP's price toward $2. The listing coincides with XRP's strong seasonal performance, historically showing significant gains in Q4, especially November and December. However, risks include short-term volatility from speculative trading and exposure to U.S. market fluctuations. This Nasdaq listing offers a regulated way for U.S. investors to access XRP, potentially accelerating its price revaluation.

As of Oct 03, 2026 11:22 WIB, XRP trades at Rp26.553 on Pluang, showing a 1.41% decline over the past day. The circulating supply on Pluang is 63.1 billion XRP, representing 64% of the total 100 billion XRP. Despite the recent dip, buy orders dominate at 81%, with typical holders keeping XRP for about 71 days, highlighting ongoing investor interest ahead of Evernorth's Nasdaq listing and its potential impact on XRP's market dynamics.

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