XRP is trading near $1.50 but faces short-term downside risk of about 13%, potentially falling to $1.30 due to a descending triangle pattern on its chart. This technical setup suggests a correction before any bullish rally, despite the positive impact of the upcoming Evernorth merger. Evernorth, an XRP treasury company going public via Armada Acquisition Corp. II, will hold around 473 million XRP, providing institutional support and long-term demand. The merger closes on Oct. 7, with Evernorth expected to trade on Nasdaq starting Oct. 8, strengthening XRP's broader investment case even if short-term price dips occur.
Despite the merger news, XRP shows some caution among Pluang investors, with a slight 1.23% drop to Rp26.870 as of Oct 06, 2026 15:31 WIB. The market cap stands at Rp1.690,33 trillion, while trading volume remains active at Rp33,58 trillion. On Pluang, buying interest slightly outweighs selling at 54% versus 46%, with typical holders keeping XRP for about 71 days.
XRP's price remains stable above $1.50, rising 1% with a 33.7% increase in 24-hour trading volume to $1.51 billion. Ripple released 1 billion XRP tokens from escrow on October 1, worth about $1.49 billion, as part of its regular schedule. Ripple also...
Ripple is strengthening its presence in Turkey, now ranked fifth globally in crypto adoption, by fully deploying its custody services with Garanti BBVA Kripto and launching its RLUSD stablecoin on local platforms BiLira, Bitlo, and Bitexen. Turkey's ...
On October 5, US spot ETFs for Bitcoin and Solana experienced net outflows, while Ethereum ETFs saw net inflows, a reversal of the weekly trend where Bitcoin led inflows and Ethereum faced outflows. Over the week, Bitcoin ETFs gained $241.09 million,...
Ripple is promoting Türkiye as a significant growth market in crypto, citing nearly $200 billion in annual crypto transaction value under the country's regulatory framework. Ripple's dollar-backed stablecoin, RLUSD, became available to institutions i...
Ripple is expanding its presence in Turkey's nearly $200 billion annual crypto market by partnering with Garanti BBVA and local exchanges to offer regulated custody services and dollar-backed stablecoins like RLUSD. This move addresses demand for sec...
