Can XRP Price Rebound Toward $1.60 as Evernorth Expands Its Wall Street Presence?

XRP's hourly parallel-channel pattern points to $1.25 as a potential support zone before a rebound. A recovery could push XRP price toward $1.42, with $1.60 emerging as the upper-channel target. Evernorth's Nasdaq debut and institutional partnerships expand its XRP treasury strategy, adding a new development to the market narrative. XRP price faces another critical test near $1.25, where a potential rebound could put $1.42 and $1.60 back in focus. Ali Charts has identified a descending parallel channel on the hourly chart, suggesting the token could fall further before buyers regain control.

Source: Coinpedia