FeesSafety
Pluang+

Evernorth plans $30M convertible notes to fund XRP buys, pending merger closure in Q4

Protocol Fundamentals
18 Sep 2026
Bitcoin
View Source
Bullish
Evernorth plans $30M convertible notes to fund XRP buys, pending merger closure in Q4

Evernorth has agreed to issue $30 million in 4% convertible notes due 2031 to finance XRP purchases and ecosystem activities, contingent on its merger with Armada Acquisition Corp. II closing in Q4 2026. The proceeds will support Evernorth's strategy to build a public XRP treasury and expand its role in XRP's financial infrastructure, including liquidity provision and tokenized markets. The notes carry payment-in-kind interest and can be converted into Evernorth shares after one year post-merger. Shareholder approval of the merger is required before the financing can proceed, with the combined company expected to trade on Nasdaq under the ticker XRPN if successful.

XRP trades at Rp25.045 on Pluang as of Sep 19, 2026, 09:21 WIB, rising 8.17% in one day. Its market cap stands at Rp1.566,93 trillion with a 24-hour volume of Rp87,14 trillion. Buy orders dominate at 60%, and typical holding time is 71 days, showing active investor interest during this period.

More News (XRP)

XRP holders targeted by phishing scams using fake profiles and wallet-draining links.

XRP holders targeted by phishing scams using fake profiles and wallet-draining links.

XRP holders are being targeted by a phishing campaign involving fake verified profiles and compromised X accounts that spread fraudulent airdrops and links designed to drain wallets. The scams have cost the XRP community millions of tokens. Scammers ...

Market News
Bearish
4 hours ago
XRP price crashes from $1.39 to $1.31 amid heavy sell-off and bearish market signals.

XRP price crashes from $1.39 to $1.31 amid heavy sell-off and bearish market signals.

XRP experienced a sharp drop from $1.39 to $1.31 shortly after a brief rally, triggered by a strong sell wall and technical resistance near the $1.36 level. Over $300 million in long positions were liquidated within 24 hours, signaling increased sell...

Technical Signals
Bearish
5 hours ago
XRP could reach $11 by 2029, implying a $700B market cap if demand rises significantly.

XRP could reach $11 by 2029, implying a $700B market cap if demand rises significantly.

An analyst projects XRP's price could rise to around $11.45 by 2029 or 2030, which would value the cryptocurrency at about $700 billion based on current circulating supply. This forecast implies an eightfold increase from its current price near $1.35...

Analyst Insights
Bullish
6 hours ago
XRP price forecast targets $1.34 by Oct. 28, below key moving averages, signaling cautious outlook.

XRP price forecast targets $1.34 by Oct. 28, below key moving averages, signaling cautious outlook.

CoinDCX's forecast for XRP sets a price target of $1.34 by October 28, which is below several key moving averages such as the 20-day and 50-day simple and exponential moving averages, ranging from $1.37 to $1.41. The forecast suggests a cautious outl...

Technical Signals
Neutral
7 hours ago
XRP fund holdings rose by 508,659 units over two days, signaling potential renewed interest.

XRP fund holdings rose by 508,659 units over two days, signaling potential renewed interest.

Holdings across six spot XRP funds and Bitwise’s multi-asset BITW fund increased by a net 508,659 XRP between October 19 and 20. The funds saw a rise of 708,271 XRP on October 19, followed by a decrease of 199,612 XRP on October 20. These figures ref...

Market News
Neutral
8 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App