XRP costs $1.51 on Wednesday evening, and the number this day turns on lies exactly one cent below that. Since September 22, $1.50 has been the line on which every trading day is decided. Today a date is added that has nothing to do with the chart: in New York, the shareholders of a special purpose vehicle vote on whether a treasury holding 473,276,430 XRP comes to the Nasdaq as a share. And tomorrow morning Ripple's monthly escrow window opens. Two dates in 24 hours, both with numbers, both with consequences for the quantity of XRP reaching the market. This article sorts out what among it can move the price, what counts for you in Germany, and where the levels lie to the upside and the downside. The running assessment sits on our XRP forecast.
What is decided in New York tonight: 473 million XRP and the ticker XRPN
Up for the vote is the merger of Armada Acquisition Corp. II with Evernorth Holdings. Armada is a special purpose vehicle, a SPAC in the jargon: a listed shell with no business of its own that raises capital and then combines with a real company so that the latter is listed without a conventional IPO. The shareholder meeting i...
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