XRP Below $1.43 as Evernorth Debut Is Delayed
XRP traded at about $1.49 on Oct. 2 but failed to hold above resistance at $1.5495. By Oct. 9, it was near $1.39, down 7.6% over seven days despite a 4.5% 24-hour rebound. The latest price action leaves XRP below its 50-day moving average at $1.4336, with negative daily momentum adding to a fragile technical picture.
Traders are watching $1.43 as the first recovery hurdle, followed by resistance around $1.48 and liquidation clusters near $1.53–$1.54. A move above $1.43 could bring the recent high near $1.53 and the $1.5625 weekly pivot into focus. On the downside, a break below the recent low near $1.32 could expose the 200-day moving average at $1.2805. Earlier indicators were mixed: the 12-day EMA remained above the 26-day EMA, but the MACD was below its signal line. XRP spot ETF products had also recorded 11 consecutive weeks of inflows.
Evernorth shareholders approved the Armada business combination on Sept. 30, and the company initially expected its XRPN Nasdaq debut on Oct. 8. The debut has since been delayed; Evernorth now expects trading to begin on Oct. 12, subject to closing conditions and Nasdaq requirements. It expects to hold about 473 million XRP at closing. Separately, an XRP Ledger emergency security update was scheduled for Oct. 9, subject to validator support. These developments offer potential support, but the immediate XRP outlook hinges on whether the price reclaims $1.43 or loses $1.32.
Bearish
The near-term price signals are bearish: XRP has fallen over the week, remains below its 50-day moving average, and has negative daily momentum. The delayed Evernorth debut adds uncertainty around a potential catalyst, while resistance and liquidation concentrations between roughly $1.43 and $1.54 may constrain recoveries. If XRP breaks below $1.32, traders may look toward the 200-day moving average near $1.2805, potentially increasing selling pressure.
There are countervailing supports. Earlier bullish EMA alignment, reported consecutive XRP spot ETF inflows, Evernorth’s planned holdings of about 473 million XRP, and the scheduled XRP Ledger security update could improve sentiment over time. However, these factors have not yet confirmed a price recovery. A sustained move above $1.43 would weaken the bearish short-term setup; until then, the risk of renewed downside remains, while longer-term direction will depend on whether adoption and institutional demand translate into persistent buying.