XRP at $1.32: $2 pattern target and $30 million from Evernorth
- —XRP at $1.32, up 1.54% in 24 hours, volume $4.02 billion, market cap $83.03 billion
- —The $2 inverse head-and-shoulders target requires a break of the $1.55 neckline
- —Evernorth issued $30 million in 4% convertible PIK notes due 2031
- —Armada shareholders are set to vote on the deal on September 30
Why it matters: A break above $1.55 would confirm the reversal pattern and open the way to $2, while the XRPN Nasdaq listing would strengthen institutional demand for XRP.
Source: TronWeekly