XRP slides amid Bitcoin sell‑off and rising Treasury yields, while Evernorth’s Nasdaq debut is delayed
XRP fell between 2.6% and 4.8% over 24 hours, trading around $1.42‑$1.47 as a sharp Bitcoin decline and higher U.S. 30‑year Treasury yields pressured crypto markets. About $11 million in XRP long positions and $19.14 million in long trades were liquidated, and the token’s market cap dropped by roughly $4.4 billion. Evernorth postponed its Nasdaq debut under ticker XRPN to around October 12 after an administrative delay pushed the merger closing with Armada Acquisition Corp. II to about October 9. The company said the delay will not affect the merger completion.
Why it matters
The price drop reduces the value of XRP holdings and shrinks the market cap, affecting investors and ETF inflows (the company notes a $3.14 million ETF inflow). The delayed Nasdaq debut may postpone liquidity for Evernorth’s combined entity, affecting shareholders awaiting trading.
Key facts
- 1XRP price fell 2.60% to $1.47 over the past 24 hours. cryptorank.io
- 2XRP price fell 4.77% to approximately $1.42 over the past 24 hours. finbold.com
- 3Around $11 million in XRP long positions were liquidated. cryptorank.io
- 4$19.14 million in XRP long trades were liquidated over the past 24 hours. finbold.com
- 5XRP market capitalization fell by over $4.4 billion to roughly $90.3 billion. finbold.com
- 6U.S. 30‑year Treasury yield rose to 5.72%, a 24‑year high. finbold.com
Open questions
- Conflicting price figures: $1.47 (material 1) versus $1.42 (material 2).
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.