Armada Acquisition Corp. II shareholders have reportedly approved their merger with Evernorth Holdings, advancing the Ripple-backed XRP treasury company's planned Nasdaq listing under ticker XRPN. The combined company is expected to hold more than 473 million XRP at closing, although remaining closing, financing and Nasdaq listing conditions still apply. XRP rose about 1.89% to $1.51 on Sep. 30 after falling below $1.47, extending a 48% gain in the third quarter of 2026. Exchange-held XRP has declined from about 12.9 billion in April to 11 billion, while technical analysts are monitoring $1.54 as a potential breakout level.