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XRP rises 1.89% after Armada Acquisition approves Evernorth merger, aiming for Nasdaq listing as XRPN.

Market News
01 Oct 2026
Blockonomi
View Source
Bullish
XRP rises 1.89% after Armada Acquisition approves Evernorth merger, aiming for Nasdaq listing as XRPN.

XRP's price increased by about 1.89% to $1.51 following shareholder approval of the Armada Acquisition Corp. II and Evernorth merger. This combined entity plans to list on Nasdaq under the ticker XRPN and will hold over 473 million XRP tokens. XRP saw a strong Q3 2026 with a 48% gain, its best third-quarter performance since 2022, despite still trading 59% below its July 2025 peak. Technical analysis shows a symmetrical triangle pattern with key resistance at $1.54 and $1.70, suggesting potential for further gains if these levels are surpassed. Market dynamics include a decline in XRP tokens held on exchanges and significant accumulation by large holders, while Ripple's upcoming events and possible escrow releases add variables for investors to watch.

XRP trades at Rp26.954 on Pluang as of Oct 01, 2026 13:42 WIB, showing a modest 0.90% gain over the day. This price level sits well below its 52-week peak noted in the article but aligns with steady market interest, reflected in a balanced 52% buy versus 48% sell order activity on Pluang. XRP's market cap stands at Rp1.705,12 trillion, with a substantial 24-hour trading volume of Rp60,85 trillion, indicating active trading despite the token's price being 59% below its July 2025 high.

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