On March 20, 2026, XRP-focused firm Evernorth advanced its Nasdaq listing plan by filing a Form S-4 with the SEC. This is a key regulatory step ahead of its planned public debut via a SPAC merger. Meanwhile, analysts note XRP maintains a long-term bullish chart structure despite a recent price pullback, with technical indicators suggesting weakening bearish momentum as it trades near support.
The XRP-based treasury firm Evernorth has filed a Form S-4 with the US Securities and Exchange Commission. This move is seen as a major step toward its intended Nasdaq listing through a merger with Armada Acquisition Corp. II via a SPAC deal.
This filing is viewed as the last significant regulatory barrier before a public listing. This may help build confidence and send prices higher for XRP, as stated in the report.
On the technical front, an analyst notes XRP’s weekly chart shows a steady long-term climb from around $0.10 in 2020. The price action follows a rising trendline from a series of higher lows, indicating a strong bullish environment.
According to the crypto analyst Ali Charts, this pattern shows buyers consistently intervene on price declines. The asset recently settled at $1.43 and is again holding the trendline support, with key supports around $1.05.
Momentum indicators currently signal a possible reversal setup. The RSI is at 34.96, reflecting low trading momentum and a dip into oversold territory.
Data from TradingView shows the MACD indicates bearish momentum, with the MACD line below its signal line. However, the decreasing histogram suggests the strength of the bearish momentum is waning.
