XRP Faces Resistance as Evernorth Listing Nears

Evernorth’s planned Nasdaq listing brings public-market attention to its 473 million XRP treasury and reported $300 million in gross cash proceeds. The daily chart of XRP is displaying resistance at $1.49, declining resistance and an RSI reading below 50, indicating resistance in the cryptocurrency. A sustained break above resistance could improve the chart structure, while losing $1.3881 may expose the next support area near $1.30. XRP is set to undergo a technical challenge while Evernorth is set to go public on the Nasdaq, as institutional exposure and chart momentum become key factors for market participants.

Source: Crypto Front News