XRP prices are indifferent to good news: Ripple lawyer explains why

XRP prices ignore good news and refuse to rebound: Senior lawyers analyze the reasons behind it

XRP has recently experienced a number of developments that are usually regarded as positive, but XRP prices have refused to rise with the news. The disconnect became more apparent after the latest developments involving Evernorth. Evernorth is accelerating the completion of its merger with Armada Acquisition Corp. II, a deal that promises to create a Nasdaq-listed company with a strong focus on XRP. The company already holds approximately 473 million XRPs and has the support of many prominent figures in the cryptocurrency field.

However, since Evernorth-related developments began on August 27, XRP prices have moved in the opposite direction. Since that period, token prices have fallen by about 5%, so support levels around $1.30 have become increasingly important.

This raises an interesting question about XRP: Why has positive news repeatedly failed to bring immediate XRP price increases? Pro Ripple lawyer Bill Morgan believes the answer may be simpler than some people expected.

Evernorth trades or builds Nasdaq-listed XRP focused companies

Evernorth received important regulatory clearance after the SEC approved registration documents related to its proposed merger with Armada Acquisition Corp. II. This license allows the transaction to move to the next major stage. Armada shareholders are scheduled to vote on the deal on September 30, and shareholders wishing to redeem their shares must submit applications by September 28.

If approved, the combined company will be traded on Nasdaq under the XRPN code, and XRP will become the main reserve asset behind the company.

Several details make the proposed structure particularly relevant to XRP:

• 473 million XRPs already held: Evernorth currently owns approximately 473 million XRP tokens.
• Large company participation: Ripple, SBI Group and Pantera Capital are key supporters of Connect the company.
• Possible Nasdaq listing: Successful completion of the merger will allow the combined company to trade under the XRPN code.
• XRP positions may increase: Evernorth plans to expand its positions through borrowing, income planning, and XRP Ledger DeFi opportunities.
• Pricing terms change: The company abandoned its previously fixed $2.36 structure. Pricing will depend on the average market value of XRP when the transaction closes.

If shareholders approve the deal, the move could create another layer of connection between XRP and traditional public markets. Still, so far, none of this has been enough to drive XRP prices higher.

Scams is not saying that the news is not positive, he is just teasing why the XRP community is not pushing prices up.

"News announcements have never had much impact on XRP prices, and we know that. His post is obviously aimed at newcomers to the XRP community."
--Bill Morgan (@Belisarius2020)
September 2, 2026

Despite Evernorth news, XRP prices fell by about 5%

X user ScamDaddy questioned why XRP was still falling despite Evernorth's news and separate news involving the Bank for International Settlements (BIS). The XRP diagram makes this issue seem easy to understand.

Despite the many developments surrounding Evernorth during this period, XRP prices have fallen by about 5% since around August 27. The token has recently relied on support levels near $1.30 to prevent a deeper decline.

Currently, the $1.30 area is critical to the overall XRP price structure. If buyers can hold on to this level, they can maintain the current range intact and provide another opportunity for recovery. If you cannot hold on to $1.30, a different situation will arise. XRP may move towards lower support areas, and stronger selling pressure may eventually expose the $1.10 area.

Weak price response does not necessarily mean Evernorth's news is negative. Bill Morgan believes that when major announcements are made, XRP just forms a familiar pattern.

Bill Morgan explains why good news does not always drive XRP prices

Bill Morgan echoed ScamDaddy's point and noted that the post seemed to be more aimed at new members of the XRP community.

Morgan explained that news announcements rarely have a significant impact on XRP prices, and he believes long-time XRP followers already understand this. His view distinguishes between two different issues: a development that may be good for XRP or XRP Ledger does not create enough immediate demand to drive up XRP prices.

Several other factors can still determine the direction of XRP prices in the short term:

• Bitcoin and the broader cryptocurrency market may affect the direction of XRP.
• Existing resistance levels may prevent buyers from extending the recovery.
• Selling pressure may absorb demand generated after positive announcements.
• Derivatives activity may affect short-term volatility.
• Broader market liquidity can determine the strength of the XRP response.

If the transaction continues to move forward, Evernorth could become a significant enterprise-level XRP holder. But this possibility does not guarantee an immediate increase in XRP prices. The current technical set-up clearly demonstrates this problem. Buyers still need to overcome several price levels before XRP can produce a stronger recovery.

If buyers break through US$1.41 resistance, XRP price target looks towards US$1.46

Our forecast for today's XRP price takes a deeper look at the technical settings, but here are a few levels worth mentioning.

XRP rebounded from around $1.30 yesterday and is currently trading close to $1.36. The recovery has brought XRP prices closer to resistance around $1.41, which remains the main hurdle buyers need to overcome.

Image source: TradingView.com

confirms that a breakthrough of $1.41 may open a path to $1.46. Stronger buying pressure could then extend the recovery to $1.52.

There are currently three possible scenarios that stand out:

• Bullish scenario: XRP price breaks through $1.41 and moves towards $1.46. Stronger demand could extend the trend to $1.52.
• Neutral scenario: XRP remains below $1.41 but continues to defend key support. Prices may remain within existing ranges.
• Bear scenario: XRP fell below $1.34 and returned to around $1.30. Stronger selling pressure below $1.30 could expose the $1.25 area.

Technical indicators currently provide a mixed picture. The RSI is slightly below the neutral 50 level, stochastic indicators are in favor of sellers, and the MACD remains negative. The Bull-Bear Power indicator provides a more positive reading, showing that buyers still retain some strength.

This makes XRP prices hover between two important areas. Buyers need to clear $1.41 before a stronger recovery becomes more likely; sellers need to break nearby support levels before bearish cases strengthen.

FAQs

Will XRP reach US$1000?

From a mathematical and economic perspective, the chances of XRP reaching $1000 per token are slim.

Can owning 2000 XRPs make me a millionaire?

No, under any realistic market conditions, holding 2000 XRPs will not make you a millionaire.