XRP Price Prediction: XRP Ripped From $1 To $1.66 In Three Days, Here Is Where It Goes Next

For three weeks in August, XRP did absolutely nothing. It sat on the $1.00 handle like a rock in a river, and most of the market stopped looking at it. Then on August 19 it went vertical, and by August 22 it had printed roughly $1.66. XRP now trades around $1.38.

XRP/USD Chart

That is the setup. Now let's look at why it happened and where the chart says it goes from here.

What XRP News Is Actually Moving The Price?

Three headlines are doing the heavy lifting, and only one of them is really new.

• Evernorth cleared its SEC hurdle. The XRP treasury company announced that the SEC declared its registration statement effective for the proposed business combination with Armada Acquisition Corp. II. Armada shareholders now vote on September 30, and if it passes, the combined entity is expected to list on Nasdaq under the ticker XRPN. Evernorth currently holds around 473 million XRP and is backed by Ripple, SBI Group, Pantera Capital, Kraken, GSR and Arrington Capital. Think of...