Ripple (XRP) Price: Enters October After Best Q3 Gain In Four Years

TLDR

• XRP rose about 1.89% to $1.51 after dropping below $1.47, following news that Armada Acquisition Corp. II shareholders approved the Evernorth merger.
• The merged company plans to list on Nasdaq under the ticker “XRPN” and will involve the sale of more than 473 million XRP.
• XRP gained 48% in Q3 2026, its best third quarter in four years, though it remains 59% below its July 2025 high of $3.65.
• Exchange balances fell from 12.9 billion to 11 billion XRP since April, with 1.6 billion XRP leaving exchanges in the past two weeks.
• A four-hour chart shows a symmetrical triangle pattern, with analysts watching $1.54 and $1.70 as key levels for a possible breakout.

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XRP rose on September 30 after shareholders of Armada Acquisition Corp. II voted to approve a merger with Evernorth Holdings. Evernorth is a Ripple-backed company planning to build a corporate XRP treasury.

The token climbed roughly 1.89% to $1.51. This came after an earlier dip below $1.47 ahead of the vote result.

Trading was choppy throughout the day. XRP touched $1.55 early on before reversing and drifting between $1.48 and $1.50 for several hours.

A midday rally pushed the price to $1.54, but it faded back toward $1.50. The token found support there before climbing again to $1.51.

Bear Champ, a collaborator with the XRP Ledger, shared the vote outcome on X. “Listened in on the Armada/Evernorth merger vote, it passed,” Bear Champ wrote, confirming the result for the XRP community before official statements followed.

The merger does not change existing XRP holdings directly. Instead, it clears the way for Evernorth to form a large, publicly traded company holding a large XRP position.

More than 473 million XRP are involved in the proposed transaction. Once remaining closing steps are finished, the combined company will trade on Nasdaq under the ticker “XRPN.”

XRP’s Strongest Quarter in Years

XRP enters October after a 48% gain in the third quarter, its best Q3 performance in four years. The token still sits 59% below its all-time high of $3.65, reached in July 2025.

US spot XRP ETFs now hold about 1.16 billion XRP, valued near $1.76 billion. Cumulative net inflows into these funds have reached roughly $1.68 billion.

Analyst Ali Charts posted a technical outlook on X, pointing to a key level for traders to watch. “XRP appears to be developing a symmetrical triangle on the hourly chart. Now, everything comes down to $1.54,” Ali Charts wrote, adding that a close above that point could open the door to a move toward $1.70.

XRP: THE LEVEL TO WATCH$XRP appears to be developing a symmetrical triangle on the hourly chart.

Now, everything comes down to $1.54.

I’m waiting for an hourly close above $1.54 to confirm the breakout.

If that happens, the pattern could trigger roughly a 10% rally toward… pic.twitter.com/3RqQoCsYfk

— Ali Charts (@alicharts) September 30, 2026

Ripple will hold its Swell conference in New York from October 27 to 29. Markets are also pricing in up to a 64% chance of a Federal Reserve rate decision at the October 27-28 meeting.

October has historically been a weak month for XRP. The token averaged a 5.14% loss in October and closed lower in both 2024 and 2025.

Supply Trends and Chart Levels

Glassnode data shows XRP exchange balances dropped from about 12.9 billion to 11 billion tokens since April. Around 1.6 billion XRP left exchanges in the past two weeks alone.

Large holders reportedly added 470 million XRP over five days last week. Binance’s XRP scarcity index, meanwhile, fell to its lowest point since January 2025.

On the weekly chart, XRP broke a descending trendline that had been in place since its July 2025 peak. The move was confirmed by a high-volume candle in August.

The weekly RSI sits near 55, above the midline, after also breaking its prior downtrend. XRP currently holds support between $1.47 and $1.50.

The four-hour chart shows a symmetrical triangle, with trendlines converging around October 3. Resistance stands at $1.59, with support at $1.47 and $1.38.

A breakout from this pattern could target $1.83. A breakdown could send the price toward $1.17, the 0.786 Fibonacci retracement level.

Ripple may also release up to 1 billion XRP from escrow on October 1, adding another factor for traders to track this week.