XRP
XRP drops to $1.44 as Evernorth Nasdaq debut is pushed to October 12
XRP has retreated in line with broader crypto markets while key corporate and regulatory dates approach.
XRP declined 4.4% over 24 hours to trade at $1.4445 (€1.2933) on Wednesday afternoon, bringing its market capitalisation to around $91.1 billion with $2.27 billion in daily volume. The asset ranks fifth among major cryptocurrencies, with 63.09 billion tokens in circulation out of a total supply of 99.99 billion. Its recent performance sits within wider market movements, as Bitcoin, Ethereum, and Solana recorded daily declines of 3.2%, 5.3%, and 3.0% respectively.
Several scheduled events are set to influence the token in the coming days. The merger between Evernorth Holdings and shell entity Armada Acquisition Corp. II, designed to establish a listed XRP treasury trading under the ticker XRPN on the Nasdaq, has experienced a brief administrative delay. Closing is now scheduled for Friday, October 9, with trading slated to begin on Monday, October 12.
German regulatory milestones also feature on the calendar for the same week. The Petitions Committee of the Bundestag will address the retention of the crypto holding period on October 12, followed on October 14 by cabinet discussions regarding draft legislation that would eliminate the tax exemption on future asset purchases.
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