XRP traded near $1.48 on Oct. 1, holding above key technical support, while XRP Ledger payment activity remained above its monthly average despite a 23.8% daily decline to 708.6 million XRP. The updated 30-day average stood at 624.2 million XRP, keeping the latest reading about 13.5% above the baseline after September 29 recorded more than 929 million XRP in payment volume. Historical context shows the recent surge was strong but not exceptional, with volumes exceeding 1.5 billion XRP only a handful of times in the year and the record near 7 billion XRP.
On the daily chart, XRP slipped below $1.50 to an intraday range of $1.4744 to $1.5103, down roughly 0.78%. It remained above the 20-day simple moving average at $1.447, the 50-day at $1.3672, and the 200-day at $1.2802. The Chaikin Money Flow indicator turned negative at -0.08, indicating selling pressure, while the 4-hour chart placed XRP near the lower Bollinger Band at $1.4755 with an ADX of 18.57, below the trend-strength threshold. Trader Ali Charts identified $1.54 as the key breakout level, saying an hourly close above that could trigger a roughly 10% rally toward $1.70. CoinGlass liquidation heatmap showed estimated liquidation concentrations above price around $1.56–$1.60 and below around $1.46–$1.47.
At the corporate level, Armada shareholders approved the Evernorth Business Combination Proposal with 19,331,337 votes in favor, 1,362,081 against, and 930 abstentions, while a separate merger proposal received 20,514,597 votes in favor. The votes advance a proposed Nasdaq-listed company that would hold and manage XRP, expected to trade under the ticker XRPN. The projected treasury includes at least 473,276,430 XRP, with about 126.79 million tokens contributed by Ripple and 84.37 million purchased for $214 million. Closing conditions and Nasdaq requirements remain outstanding, alongside a conditional $30 million convertible note financing.
For XRP, support is concentrated between $1.45 and $1.37; holding that range could preserve the recovery setup toward $1.55 to $1.66, while a close below $1.37 would weaken the structure and bring $1.31 into view. The combination of above-average payment activity, technical support, and progress on a significant XRP treasury vehicle provided a cautiously positive backdrop, even as short-term momentum remained muted.
