EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

XRP News Today: Evernorth is about to list on Nasdaq, XRP price remains around $1.39

2026-10-11 15:45:01
Bookmark

XRP News Today: Calm prices meet major Monday events

The K-line chart may seem calm, but the news surrounding the token is not quiet. A company that aims to hold the token will begin trading on Nasdaq on Monday.

This issue of XRP's news today covers real-time prices, Evernorth's listing, a re-hyped SEC headline, and a comprehensive review of the history of price movements.



Current price: US$1.39 stabilizes, volume cools

According to real-time data from CoinMarketCap, the token is trading at US$1.39, down 0.93% in the past 24 hours. Intra-day fluctuations are narrow, roughly between $1.38 and $1.41.

Indicator Value Spot Price $1.3924 Hour Change-0.93% Market Value $88.02 billion Fully Diluted Valuation (FDV)$139.43 billion 24-Hour Volume $910.8 million (-51.65%) Note: The value of cryptocurrencies may change rapidly. Data may differ from the latest market data, so be sure to verify current numbers through official or reliable market sources before making any financial decisions. This data is based on market conditions at 10:48 am Indian Standard Time on October 11, 2026.


Trading volume fell more than half to approximately $910.8 million, which usually means fewer active traders. This is consistent with the market's trend: The market started close to $1.40 at the beginning of the 24-hour window, slid towards $1.38 late in the session, and then rebounded slightly. The token still ranks fifth by market value, with approximately 573,770 wallets holding the token. The fully diluted valuation (FDV) shown in the table assumes that all future tokens have entered circulation, which is why their value is higher than the market value.



Evernorth completed the merger and landed on NASDAQ on Monday.

On October 9, the company announced that it has completed a business combination with Armada Acquisition Corp. II, a special purpose acquisition company. SPAC is a shell company designed to merge with private companies and bring them into the stock market.

Documents filed with U.S. securities regulators show that the transaction was originally announced on October 20, 2025, and is expected to complete in early 2026. The actual closure was nearly a year later than expected. A previous update had pointed to October 8, so the launch date was delayed by four days.

  • October 9: Merger completed
  • October 12: Trading expected to begin
  • October 14: Closing clock ceremony planned on Nasdaq

Company positions and investor background

At the time the deal closed, the company held approximately 473 million tokens and raised approximately $300 million in cash before deducting fees. At today's price levels, the tokens are worth approximately US$657 million. This is our estimate, which accounts for approximately 0.75% of the circulation supply.

The investor list includes:

  • Arrington Capital
  • SBI Group
  • Ripple
  • Pantera Capital
  • Kraken
  • GSR

CEO Asheesh Birla said that the goal is to create an actively managed treasury, to support the ecosystem and increase the number of tokens held per share over time. The announcement also warned that its share price may fluctuate with the value of the token, so the stock may experience severe shocks.



Old news revisited: The truth behind the SEC headlines

News claiming that "the token rose 8% after Ripple CEO confirmed the SEC withdrawal" is spreading again. But this is not a new incident. The SEC filed a lawsuit on December 22, 2020, accusing Ripple of raising more than $1.3 billion through an unregistered offering. The case ended in 2025, when both parties withdrew their appeals.

We found no new SEC actions in the sources we reviewed, and today's market performance was slightly negative. Readers who follow XRP's news today should regard this headline as a rehash of old news.



Conclusion

For those following XRP's news today, Monday's initial listing was the main event. Charts are stable, but listings may bring new attention, and calm markets may change quickly once new buyers or sellers enter. Since stocks and tokens are closely linked, please pay attention to both at the same time after the market opens and check each link source for updates.


Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP