$XRP Short Entry zone: 1.3987 – 1.4018 SL: 1.4185 TP: 1.3784 – 1.3547 – 1.3274 DYOR as well

Ripple-backed XRP treasury company Evernorth has officially announced the completion of its SPAC merger with Armada Acquisition Corp. II, adding approximately 473M $XRP and $300M in cash, and plans to begin trading on Nasdaq under the ticker XRPN on October 12. This can be seen as giving XRP another institutional balance-sheet narrative, though it does not mean the market will immediately see buying demand of an equivalent scale; it is advisable to continue monitoring how Evernorth custodies its XRP, how long the cash can last, whether it continues accumulating, and whether a decline in XRP triggers financing pressure

While breakout chasers buy into local consolidation, this 3-day macro structure on $XRP is setting up a liquidity sweep into higher timeframe demand before a major impulsive wave. After breaking out of a prolonged descending channel from the major swing high down to low , price has consolidated near $1.4046[span_0](start_span)[span_0](end_span). The projected path outlines a brief pullback into the unmitigated demand zone between $1.0895 and $1.2480 to sweep trapped liquidity before initiating a massive macro expansion toward target [span_1](start_span)[span_1](end_span). Holding above the invalidation level at $1.0040 preserves the bullish multi-month reversal setup, targeting structural resistance at $1.7040, $2.2698, and an ultimate expansion toward $2.9277[span_2](start_span)[span_2](end_span). A decisive breakdown below $1.0040 invalidates the macro demand thesis and shifts the market structure bearish. Don't chase late entries into local resistance—wait for structural demand retests to position for macro expansions. #XRP #Ripple #CryptoAnalysis #TechnicalAnalysis #Trading