XRP faces two catalysts in 48 hours: Evernorth vote and 1 billion token unlock
- —Armada II shareholders vote September 30 on the Evernorth deal and XRPN's Nasdaq listing
- —Evernorth investors include Ripple, SBI Group, Pantera Capital, Kraken and GSR
- —On October 1 Ripple's escrow makes up to 1 billion XRP available; unused tokens return to escrow
- —XRP fell to $1.48 after hitting $1.6556 on September 23; $1.60 is the key hurdle
Why it matters: The vote will test institutional appetite for XRP, while the token release will show whether demand can absorb the new supply.
Source: Invezz