Skip to content
October 20, 2025cryptonews logocryptonews

ChatGPT’s XRP Analysis: $2.47 Bounces 3.7% as Ripple-Backed Evernorth Plans $1B NASDAQ Listing

ChatGPT’s XRP analysis has revealed XRP at $2.4716 posting +3.7% bounce from $2.3843 low while remaining below all major EMAs as Ripple-backed Evernorth plans NASDAQ listing to raise over $1 billion for the largest publicly traded XRP treasury, buying XRP on the open market with backing from SBI Holdings, Pantera Capital, and ￰0￱ is trading below all EMAs with RSI at 36.43, approaching oversold, and MACD bearish at -0.0177 , while bounce occurs on lower volume at 97.41M ( -28.2% ), suggesting weak recovery conviction amid Chris Larsen offloading 50M XRP worth $120M . ChatGPT’s XRP analysis synthesizes 26 + technical indicators while testing bounce sustainability with Evernorth institutional treasury ￰1￱ Analysis: Weak Bounce Within Downtrend XRP at $2.4716 reflects a +3.7% bounce from October 16 low of $2.3843 , but remains bearish, down -26% from August ￰2￱ volume at 97.41M versus 135.62M suggests weak ￰3￱ range $2.4857 (high) to $2.3547 (low).), 50-day at $2.7453 ( +11.1% ), 100-day at $2.7679 ( +12.0% ), 200-day at $2.6136 ( +5.7% ).

All EMAs are overhead as ￰4￱ is deeply bearish at -0.0177 with a negative histogram at ￰5￱ price tests 38.2% Fibonacci ￰6￱ ATR at 2.3380 confirms ￰7￱ “dead cat bounce” with 65% probability of decline toward $2.10 – $2.25 .) ” with investors including SBI Holdings, Pantera Capital, and ￰8￱ Schwartz joins as a strategic advisor to “ drive XRP utility and adoption .” JUST IN: Evernorth, backed by Ripple, plans Nasdaq listing to raise over $1 billion for building the largest publicly traded $XRP treasury – ￰9￱ — Whale Insider (@WhaleInsider) October 20, 2025 Coming with this bullish announcement, Chris Larsen offloaded 50M XRP worth ~ $120M in the past hour, triggering community critics.

NOW: Chris Larsen (Ripple co-founder) just offloaded 50M $XRP (worth ~$120M) in the past ￰10￱ buying the hype? He’s cashing out. You’re holding the ￰11￱ — Maartunn (@JA_Maartun) October 20, 2025 Additionally, the Federal Reserve is hosting a crypto payment innovation conference tomorrow with Ripple having “ applied for master account .” Several XRP ETF applications, including Grayscale, Bitwise, and WisdomTree, are also “nearing key SEC decision dates this month.” This growing institutional adoption made Ray Youssef, CEO of NoOnes, observe broader altcoin dynamics where he emphasized that “ large holders positioning for structural upside rather than immediate gains, recognizing long-term utility will deepen ” despite near-term ￰12￱ On Rising Metrics XRP maintains $148.39B market cap ( +2.74% ).

Volume increased +23.75% to $4.01B. Market dominance 3.96% ( +0.08% ). Holder count 482,310. Circulating supply 59.98B XRP ( 59.98% of 100B max).), $2.15 (February), $3.18 (July peak), $2.41 (October), showing a volatile trajectory as the community debates Larsen’s $120M sale against Evernorth’s $1B treasury ￰13￱ Sentiment: Treasury Optimism Meets Weakness LunarCrush shows AltRank 790 ( +456 ), Galaxy Score 68 ( +10 ).

Engagements surge to 19.95M ( +7.35M ), mentions 57.96K ( +6.16K ). Social dominance 5.95% ( +3.15% ), sentiment 82% positive ( +2% ). Analysts emphasize “XRP oversold on weekly” while others warn “dead cat bounce” requiring “sustained reclaim above $2.6136 to signal reversal.” $XRP is oversold on the ￰14￱ us to a new all time high with haste! ￰15￱ — STEPH IS CRYPTO (@Steph_iscrypto) October 20, 2025 Community is also particularly bullish about Ripple acquiring GTreasury processing $12.5 trillion annually for 1,000 + enterprises, which they deem “ perfect for XRP Ledger. ” ChatGPT’s XRP Analysis: Treasury Catalyst Tests Structure ChatGPT’s XRP analysis reveals XRP between the Evernorth treasury buildout and technical ￰16￱ resistance $2.5817 ( 20-day EMA), key $2.6136 ( 200-day EMA).

Bulls require sustained close above $2.65 for reversal.) Evernorth $1B deployment with ETF approvals drives reclaim above $2.61 , targeting $2.75 – $3.00 ( 11 – 21% upside). Requires $2.65 sustained close.) Failure at $2.58 triggers breakdown toward $2.10 – $2.25 ( 10 – 15% downside). Larsen distribution and weak volume suggest further decline.) Sideways $2.35 – $2.60 allows treasury accumulation and Fed clarity.

cryptonews logo
cryptonews

Latest news and analysis from cryptonews

Crypto Leaders and Senate Democrats to Debate DeFi Rules at Pivotal Washington Forum: Report

Crypto Leaders and Senate Democrats to Debate DeFi Rules at Pivotal Washington Forum: Report

Top crypto CEOs and U.S. lawmakers are converging in Washington to craft digital asset rules that could redefine market structure, drive institutional clarity, safeguard innovation, and keep the U.S. ...

Bitcoin.com logoBitcoin.com
1 min
Strategy expands Bitcoin treasury to 640,418 BTC after $18.8 million purchase

Strategy expands Bitcoin treasury to 640,418 BTC after $18.8 million purchase

Strategy, the world’s largest corporate holder of Bitcoin, expanded its treasury once again last week. According to a new US Securities and Exchange Commission filing, the company purchased 168 BTC fo...

Cryptopolitan logoCryptopolitan
1 min
Trump Addresses China Trade Talks as Bitcoin Holds Steady

Trump Addresses China Trade Talks as Bitcoin Holds Steady

Bitcoin remains at $111,000 while former President Trump addresses trade with China. Trump discusses rare earth elements and potential tariffs with the Australian Prime Minister. Continue Reading: Tru...

CoinTurk News logoCoinTurk News
1 min