XRP Live Wire

Veteran crypto & commodities trader Peter Brandt has identified a double structure on XRP’s price charts, with a measured move towards the $2.16 resistance line. The quest to conquer this confluence resistance is based on two separate bullish patterns: the Cup ‘n’ Handle pattern on a smaller time-frame also coincides with the right shoulder of an H&S structure on a larger one.

XRP’s Got Overhead Supply?

On the other hand, Peter Brandt assumes there’s a “ton of overhead XRP supply to go through”, which makes a contrasting case to Monero (XMR). The popular privacy coin whipped up nearly 500% gains in a year as the market quickly absorbed the privacy crypto’s token supply. Another great example of that is Zcash (ZEC), whipping up 777% gains in a yearly time-frame.

Previously, the analyst named $5.40 as the long-term XRP price target. Peter Brandt also said Monero (XMR) is the top pick, as it’s “clearly sailing ahead” after the exchange supply saw a drought. Big-time bullish arguments were also unleashed on Ethereum (ETH) for topping $8,600 if the $5,000 resistance breaks.

Double-Edged Sword For XRP

If the heavy overhead supply ahead matched XRP’s buying demand, this could turn out to be a double, even triple-digit percentage rally for the OG altcoin. If it doesn’t match the overhead count, a dip below the $1.35 - $1.50 support bubble could be on the cards.

Meanwhile, XRP treasury Evernorth is set to list on Nasdaq as Armada Acquisition Corp II shareholders voted in favor of a merger. XRP Army is now waiting on the NASDAQ listing, coming this week. This could be the biggest catalyst since the XRP ETF drop.

On the other hand, XRP’s current defense at $1.50 comes with strong whale & long-term holder support at $1.49, coinciding with the Smoothed Moving Average (SMA), pictured in purple. The big near-term test lies at $1.61, as the Red-Label Bollinger Band offers strong resistance.

On-chain signals are falling in line with Peter Brandt’s Cup ‘n’ Handle thesis, but the bigger challenge remains whether XRP’s Wall Street backing will manifest itself in corporate capital rotation strong enough to push the altcoin past $2. The NASDAQ debut is set for October 8.

Dive into DailyCoin’s popular crypto news today:Altseason Builds: XRP, ADA & SOL Enter Rotation ZoneOKX, ICE Plan 24/7 Trading for Tokenized U.S. Stocks

A circulating document set is being used to make a simple point: in traditional finance landscape charts, XRP and XLM were never drawn as generic public crypto. They were filed under infrastructure built for institutions.

One widely shared slide, labeled from a BNY Mellon “Blocktech in Financial Services” overview, places Ripple and Stellar in a distinct bucket at the base-protocol layer — marked apart from broad public networks like Bitcoin and Ethereum. In that framing, they sit closer to specialized settlement and payments infrastructure than to open retail chains.

A second diagram sharpens the same idea. Under “Open Protocols for Institutions,” Ripple is described as a consensus-based protocol designed specifically for existing financial institutions, with direct support for fiat currencies and inter-institution settlement.

Stellar Lumens (XLM) is also grouped in the same institutional-finance lane, with a payments-oriented design and fast settlement characteristics.

Ethereum (ETH), by contrast, is characterized through smart contracts and distributed applications; Bitcoin through the original cryptocurrency model.

What those charts were trying to say

The classification is architectural, not promotional:

That is why the posts describe XRP and XLM as “special blockchain protocols designed for institutions.” In these maps, the “special” label means purpose-built for regulated financial rails, not that they are guaranteed winners.

On The Flipside

Why This Matters

The documents do not prove that XRP or XLM will dominate bank payments. They do show that, in institutional architecture charts, both were treated as specialized financial-network designs rather than as general-purpose public chains.

That distinction is the whole argument being revived: XRP and XLM were drawn for the banking stack from early on & those old maps still get pulled up whenever the market asks which crypto protocols were built with institutions in mind.

Check out DailyCoin’s trending crypto news today:Altseason Builds: XRP, ADA & SOL Enter Rotation ZoneOKX, ICE Plan 24/7 Trading for Tokenized U.S. Stocks

Armada Acquisition Corp. II shareholders approved the business combination with Evernorth at a Sept. 30 meeting, clearing one of the last major hurdles before the deal is expected to close. 

The companies say the transaction and related private placements have raised more than $1 billion in total support, with roughly $300 million in expected gross cash proceeds at closing.

What Evernorth is bringing to market

At close, Evernorth is expected to hold about 473 million XRP, which would make it the largest publicly traded pure-play XRP treasury company. Investors have also contributed XRP in-kind alongside cash financing.

The cash side of the deal is expected to include:

All of that is before transaction expenses.

Founder and CEO Asheesh Birla framed the listing as a way for investors to get regulated, transparent XRP exposure through a public vehicle rather than only through direct token ownership.

Here’s the projected Nasdaq timeline

The business combination is expected to close on October 7, 2026. Trading in the combined company’s Class A common stock is then expected to begin on Nasdaq under the ticker XRPN on October 8.

Investor participation has stayed firm, with the companies saying 100% of both advanced and delayed funders are still in. Backers listed around the deal include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

How the company seeks to operate

Evernorth is positioning itself as a digital asset treasury focused on XRP. The plan is not only to hold the token, but to try growing XRP-per-share over time through yield strategies, ecosystem participation, and capital-markets activity.

That puts it in the newer lane of crypto treasury companies seeking public-market access, with XRP as the core reserve asset instead of Bitcoin or a mixed basket.

Shareholder approval removes a major uncertainty. If the remaining closing conditions are met, Evernorth is on track to hit the public market next week as XRPN, carrying one of the largest disclosed pure-play XRP treasuries of any listed company.

The market’s next test is simpler: whether public investors treat that structure as a useful XRP proxy once the shares get to trading on the major stock exchanges.

Delve into DailyCoin’s hottest crypto scoops right now:Altseason Builds: XRP, ADA & SOL Enter Rotation ZoneOKX, ICE Plan 24/7 Trading for Tokenized U.S. Stocks

During the XRPL Seoul conference last weekend, Ripple’s President Monica Long revealed some interesting predictions about the forthcoming year, writing up some drastic multipliers in terms of transaction volume, native RWA market capitalization & further adoption.

The most ground-breaking statement was made during the panel centered around institutional adoption & real-world problem solving. Monica Long expects tokenized assets to go $30 billion, whipping up a 5-fold increase from the current estimate of $6 billion on XRPL RWAs.

Ripple President Delivers Some Breaking Predictions

The RWA market grew from $100 million to $1 billion during 2025. That’s going to keep growing. Ripple’s President eventually expects to see $30 billion in Real-World Assets (RWAs) hosted on the XRP Ledger. Monica Long’s prediction around the growth of network usage was also impressive, circling a 10x increase towards 100 million yearly transactions.

It’s a “Juggernaut, you can’t stop it”. A big chunk of the pie is connected to consumers. XRP’s status as a payments route with low transaction costs and lightspeed transaction processing makes it for business to offer XRP as a payment method.

Areas with regular XRP usage include crypto hubs and luxury cities like Dubai, Abu Dhabi, Zug, Zurich and plenty more.

This 10x rise is attributed to artificial intelligence (AI) agents, making transactions on behalf of corporate parties verified on the XRP Ledger. XRP can act as a bridge between assets or a liquidity provider via the On-Demand Liquidity (ODL) tech stack. “Ecosystem’s the key word”, said Monica Long, connecting the institutional story & use cases to consumers.

Ripple President Names Three Cornerstones Of XRP

In her own words, “Creativity, liquidity & trust” is what makes XRP stand out from the crowd. The multi-faceted utility in the context of solving real-world problems and serving institutional needs in a compliant way. The more institutions participate, the more liquidity XRP’s Ledger gains, potentially evolving into XRP price appreciation.

A similar approach, driven by the triangle of “Liquidity, trust & utility”, was shared by Ripple’s Executive Chairman Chris Larsen during the same conference. These three key drivers are set to bring an adoption flywheel effect on the XRP Ledger. The panel in Seoul has gained immediate attention on socials, garnering 115K views on CT.

Dive into DailyCoin’s hottest crypto scoops today:Altseason Builds: XRP, ADA & SOL Enter Rotation ZoneMetaMask Investigates Security Incident, Exits Ethereum Validators

On October 3, 2026, Seoul will be crowned the crypto capital of the day: prominent crypto industry figures will gather together in the annual crypto event, this time in South Korea.

What’s Happening In Seoul This Weekend

The first keynote speech, titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia”, features Ripple ecosystem growth manager Tatsuya Kohrogi and XRP Asia President Sabrina Tachdjian.

Then, a follow-up panel discussion between Ripple representatives and various South Korean business leaders will be conducted next. The debate will focus around cross-border payments & tokenized deposits.

A keynote speech also includes Ripple’s President Monica Long speaking on institutional finance. This may reveal Ripple’s next step in the region, as XRP’s popularity in South Korea has been undeniable. In May, South Korean crypto exchanges managed to surpass the global ones in terms of XRP transactions.

The “special announcement” label may be not enough for a drastic upswing following the event. Coverage of the event has highlighted tokenization and XRPL developments, but a partnership or use case that requires XRP would be the ultimate catalyst.

Ripple’s Footprint In South Korea Grows

Ripple’s tech stack presence in South Korea has also been noticeable. Via Kyobo’s Life Insurance partnership, Ripple aims to move traditional T+2 bond settlement toward near real-time on-chain settlement.

There are also South Korean banking names appearing in Ripple’s Korea programming, including internet-first banks like Kakao Bank & KBank. Woori Bank, the largest South Korean banking entity, is also exploring Ripple’s XRP-based rails.

Exposure to the South Korean market is particularly important beyond cross-border payment rails. Retail investors love trading XRP as a part of their swing trading strategy, since Futures trading is completely banned in the region.

On the other hand, Ripple’s presence in South Korea is currently limited to banks, insurers, and licensed local partners, not through a direct (Virtual Asset Service Provider) VASP license of their own.

Dive into DailyCoin’s popular crypto news today:MetaMask Investigates Security Incident, Exits Ethereum ValidatorsHBAR Price Map Points To a $0.15 Fifth-Wave Push

October’s festivities are kicking off with a crowd turning on major-cap altcoins like Ethereum (ETH) & Ripple’s native XRP. Santiment’s latest social blockchain data reveals an especially drastic dip in positive XRP commentary, with the bullish-to-bearish commentary ratio sinking to 0.67 - the lowest level since August 17, 2026.

That includes social media posts & comments across Reddit, X, Telegram channels and other social platforms with active crypto community participation. Santiment’s real-time metrics are said to be designed to capture exactly these shifts in crowd emotion, especially when conversation becomes unusually one-sided.

Unusual Pessimism Serves a Rare Bullish Sign

This creates the perfect contrarian setup. If traders are convinced that the price of XRP or ETH is going considerably lower, it typically suggests that the hardest selling has been already done. Judging from historical price movement data, the straightforward “buy the dip” narrative rarely produces the same results as this.

Stronger fear and way quieter optimism are typically the perfect combination for both retail and crypto whales to enter at more attractive conditions, marking the local bottoms more precisely. 

Conversely, Santiment Intelligence doesn't state a bounce back will occur in days: “The mood is now very different from periods when everyone expected prices to keep climbing.” With fear returning and technical on-chain signals remaining healthy, this divergence enables a contrarian setup XRP’s bulls have been longing for.

XRP’s Price Coiling Ahead Of Triple Resistance

On the way up, XRP’s price now has a triple-resistance to overcome. The OG altcoin seems to have successfully bounced off the upper boundary of the $1.32 - $1.49 micro support on Friday. Now, the first resistance lies at $1.67, coinciding with the September 23, 2026 XRP price high. If that clears, $1.93 & $2.25 are back in play.

On Friday, Ripple’s native XRP coin is following Bitcoin’s (BTC) ascension towards $86.6K as macro conditions ease with Crypto’s Global Fear & Greed Index sitting on the greedy side at 72. This kind of shift after a flurry of negative social commentary implies the majority of traders saw last month’s plunge to $1.29 as the local bottom.

Delve into DailyCoin’s hottest crypto news today:MetaMask Investigates Security Incident, Exits Ethereum ValidatorsHBAR Price Map Points To a $0.15 Fifth-Wave Push

In a fresh reminder, the analyst said a daily close above $1.5692 would open a fast expansion toward $2.90 and $4.11. That is the tactical map: reclaim the level, then let momentum stretch into the next resistance cluster.

The larger call sits much higher.

Wave 1 printed. Wave 3 is the headline.

On Sept. 30, Dark Defender revisited a count first laid out on Aug. 3, 2024, when the Wave 1 top was projected at $3.3939. That zone was later tagged, which is the core of the argument now: the first impulse completed, so the structure shifts toward a larger Wave 3.

The macro objective attached to that third wave is $36.

That figure is deliberately extreme relative to current prices. In Elliott Wave terms, third waves are often the strongest leg of an impulse, which is why long-time followers of the count treat $36 as a cycle target rather than a next-week level.

The analyst also noted that volume conditions are starting to resemble the buildup seen before Wave 1, and pointed to a coming Nasdaq-related catalyst as part of the broader backdrop.

How the levels stack together

The hierarchy in the posts is fairly clean:

In other words, the market still has to prove the breakout before the ambitious math matters. A daily close above $1.5692 is the gate. Without that, the upside ladder stays theoretical.

Why traders pay attention

Dark Defender’s edge in this conversation is consistency. The Wave 1 projection was made publicly in 2024 and later filled near the stated area. That track record is why the same account’s Wave 3 map gets amplified now, even when the terminal target sounds outsized.

Skepticism remains rational. A move to $36 would require a full-regime repricing of XRP, not just a clean five-wave continuation on a chart. The nearer levels are the ones with more immediate relevance: $1.5692, then $2.90, then $4.11.

The clean read for XRP

XRP is being framed as a market in transition between a completed first impulse and a potential third-wave expansion. The short-term tell is a daily close above $1.5692. The medium-term waypoints are $2.90 and $4.11. The long-range claim is $36.

Whether that full sequence arrives is still the market’s job to confirm. For now, the map is on the table — and the first line in the sand is not $36. It is $1.57.

Discover DailyCoin’s trending crypto news today:MetaMask Investigates Security Incident, Exits Ethereum ValidatorsHBAR Price Map Points To a $0.15 Fifth-Wave Push

Ripple’s long-awaited XRP treasury is inching closer towards Wall Street launch. Evernorth, the XRP-only treasury company, has just overcome a major challenge in its proposed merger with Armada Acquisition Corp. II.

SEC Gives The Nod To Massive XRP Merger

During the extraordinary general meeting on September 30, 2026, nearly 69% of all share holders casted their votes in the ground-breaking Evernorth x Armada merger proposal. This means Evernorth moves 473 million XRP to a repository upon completion.

A whopping 19,331,337 of shares voted for the implementation of this merger. The colossal 94% approval rate is acknowledged by the The United States Securities and Exchange Commission (SEC) in one of their latest legal publications.

Ultimately, this counts up to 20.51 million votes in favor of the merger proposal and just 1.36 million against it. What happens next is Evernorth’s & Armada’s mutual effort to meet the remaining requirements imposed by the SEC & potential public market debut on NASDAQ.

How The New Settlement Works In Practice

Earlier, the SEC declared the registration statement for the XRP- based Evernorth effective August 27,  2026. Meanwhile, the latest October 1 filing also provides details of the approval and September 30 vote of the Business Combination, Merger and Domestication Proposals.

Right now, Armada has a number of XRP-based items on the securities market. These include class A ordinary shares (XRPN) and warrants (XRPNW). The merger deal creates a new firm that trades all of the funds under XRPN ticker. The NASDAQ listing could happen by year-end.

Keep up to date with DailyCoin’s popular crypto news:Vilhelm German: Crypto Exchanges Have More to Worry About Than Trading VolumeBinance Faces Fresh EU Scrutiny Over Services to European Customers