WALL STREET FINALLY GOT ITS XRP STOCK 🤩 Evernorth Holdings, the Ripple-backed XRP treasury company, started trading on Nasdaq on Monday, October 12, as XRPN. Its merger with SPAC Armada Acquisition Corp. II closed on Oct 9. On day one the stock ran to $19.38, dipped to $16.39 and closed at $16.91, down 1.05% from $17.09, on about 1.29M shares. After hours it bounced to $17.49. Evernorth holds about 473 million $XRP plus roughly $300M in gross cash before fees. SEC filings show 80.3% of the SPAC's redeemable shareholders cashed out before the merger, which left a tiny float. That's how the old SPAC shares hit $53 on Oct 2 and then slid to $17.09 by the merger close. Warrants trade separately as XRPNW, and Evernorth rings Nasdaq's closing bell on Wednesday, Oct 14. Buying XRPN doesn't buy XRP. A big part of the stash came from investors swapping existing XRP for shares, so the listing adds no fresh spot demand unless Evernorth announces new purchases, and it hasn't disclosed any. Decrypt reports the stash is worth roughly 40% less than at signing. At a $1.37 XRP it comes to about $648M. XRP fell about 3% on debut day and hit 1.3103 this morning in the Korea-led risk-off. 4HR Chart Analysis Lower highs since 1.53 on Oct 5, and price sits under all three 4H MAs: MA20 ~1.395, MA50 ~1.43, MA200 ~1.44. The bounce from 1.31 is running into the first one. Here are the important levels I'm watching: - Testing: 1.36–1.38 - If defended: 1.395, then 1.42–1.44 - If lost: 1.34, then 1.31, then 1.28 Daily chart: This morning's 1.3103 low almost matched the Oct 8 low of 1.3177, so 1.31 is a double-bottom zone. The daily MA200 near 1.28 is the last big trend line below. Overhead sit the MA50 around 1.425 and the MA20 around 1.466. Here are the important levels I'm watching: - Reclaim zone: 1.425 - Upside if it flips: 1.466, then 1.50–1.53 - Downside steps: 1.31, then 1.28 (MA200), then 1.25 (mid-September lows) - Daily RSI7 is at 35, getting close to oversold. - Daily MACD has crossed under its signal line, momentum still pointing down. Hold 1.31 → double bottom, squeeze toward 1.42. Lose 1.28 → the listing hype is fully priced out and sellers take control.

The $XRP quick scalp long setup is ready, folks. It's time to reopen the long position. $1.3725 to $1.3755 entry Goals: $1.3850, $1.3982, and $1.4100 $1.3505 in sl $XRP ‌