XRP to $2? Analyzing How Nasdaq Listing Could Impact Token Price
Next Thursday, October 8, 2026, trading in Evernorth shares under the ticker XRPN will begin on Nasdaq. The market is getting a new kind of player. This is not a passive ETF, but a fully fledged treasury ready to work directly with the Ripple and XRP Ledger ecosystem. Evernorths financial foundation is 473 million XRP on its balance sheet. This is the largest legally held XRP pool among publicly traded companies worldwide. The merger with SPAC Armada II, approved by shareholders on September 30, attracted more than $1 billion in combined investments. Its anchor investors include Ripple, SBI Group, Pantera Capital, and the Kraken exchange. Instead of freezing the assets, Evernorth will deploy the coins in DeFi protocols and arbitrage trades on the XRP Ledger. The goal is to continuously increase the amount of net XRP held per XRPN share. For the tokens spot market, this means a large-scale withdrawal of liquidity from circulation. When large volumes move into a publicly traded companys treasury, a supply crunch emerges. If current demand holds, this becomes the main fundamental driver toward $2. A coiled spring and a green October: What is happening with the price right now The Nasdaq launch coincides with maximum tension on the price









