XRP Asia presented its regional plans at the October 3 XRP Seoul event, bringing Ripple executives and Korean banking representatives together to discuss cross-border payments and tokenized deposits. Meanwhile, XRP fell 3.22% to USD 1.48 over 24 hours as exchange supply increased and traders reduced leveraged positions.
XRP Asia appeared at XRP Seoul on October 3 at the Grand Hyatt Seoul. President Sabrina Tachdjian, formerly the Hedera Foundation’s vice president of fintech and payments, joined Ripple executive Tatsuya Kohrogi to discuss the organization’s plans. The group aims to support developers and promote XRP Ledger adoption across Asia.
The official speaker list included representatives from Woori Bank, Kakao Bank, Kbank and JB Bank. Sessions covered cross-border payments and tokenized deposits. A tokenized deposit represents a bank balance recorded digitally on a blockchain, allowing banks to explore new ways to transfer and manage money.
The organizer stated that participation “does not in itself establish any partnership, affiliation, or cooperative relationship between the participating parties.” It directed readers to official announcements to verify cooperation between participating organizations.
The Seoul sessions brought banking representatives and blockchain developers together, but event coverage contained no announcements of new XRP Ledger deployment commitments or pilot launch dates. XRP Asia’s stated plans focused on regional ecosystem development, with specific programs and implementation schedules still pending.
XRP traded near the lower edge of the USD 1.48–USD 1.50 support area after its daily decline. Nearby resistance stood at USD 1.54, while the lower swing level was USD 1.45. The token remained below resistance during the Seoul event.
Earlier exchange data showed an increase in readily available XRP. CryptoQuant’s Binance XRP Scarcity Index fell to approximately -0.94, its lowest reading since January 2025. The analytics provider said, “Supply available on Binance has become relatively more abundant.”
According to CryptoQuant, Binance XRP open interest dropped to USD 521.5 million on September 29, down 15.3% from the six-month high of USD 616.1 million recorded on September 22. Outstanding futures positions declined by approximately USD 94.6 million during the period.
Open interest measures the value of active futures contracts. Falling open interest reflects reduced exposure as traders close positions. Separately, market coverage linked XRP’s weaker weekly performance to increased interest in smaller tokens, including Sui and Hedera, which recorded stronger gains.
Evernorth’s planned Nasdaq debut is the next scheduled corporate development. The company announced on October 1 that Armada Acquisition Corp. II shareholders approved their proposed combination at a September 30 meeting. The companies expect to close the transaction on October 7.
Following closing, the combined company expects its Class A common stock to begin Nasdaq trading under “XRPN” on October 8. The schedule remains subject to the satisfaction or waiver of remaining closing conditions. Evernorth’s investors include Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken and GSR.
The transaction is expected to generate approximately USD 300 million in gross cash proceeds. Investors contributed XRP directly alongside cash financing. Evernorth expects to hold approximately 473 million XRP when the transaction closes.
ALSO READ: XRP Holders Ranked: Who Owns the Most XRP in 2026?
XRP Asia presented its regional plans at the October 3 XRP Seoul event, bringing Ripple executives and Korean banking representatives together to discuss cross-border payments and tokenized deposits. Meanwhile, XRP fell 3.22% to USD 1.48 over 24 hours as exchange supply increased and traders reduced leveraged positions.
XRP Asia appeared at XRP Seoul on October 3 at the Grand Hyatt Seoul. President Sabrina Tachdjian, formerly the Hedera Foundation’s vice president of fintech and payments, joined Ripple executive Tatsuya Kohrogi to discuss the organization’s plans. The group aims to support developers and promote XRP Ledger adoption across Asia.
The official speaker list included representatives from Woori Bank, Kakao Bank, Kbank and JB Bank. Sessions covered cross-border payments and tokenized deposits. A tokenized deposit represents a bank balance recorded digitally on a blockchain, allowing banks to explore new ways to transfer and manage money.
The organizer stated that participation “does not in itself establish any partnership, affiliation, or cooperative relationship between the participating parties.” It directed readers to official announcements to verify cooperation between participating organizations.
The Seoul sessions brought banking representatives and blockchain developers together, but event coverage contained no announcements of new XRP Ledger deployment commitments or pilot launch dates. XRP Asia’s stated plans focused on regional ecosystem development, with specific programs and implementation schedules still pending.
XRP traded near the lower edge of the USD 1.48–USD 1.50 support area after its daily decline. Nearby resistance stood at USD 1.54, while the lower swing level was USD 1.45. The token remained below resistance during the Seoul event.
Earlier exchange data showed an increase in readily available XRP. CryptoQuant’s Binance XRP Scarcity Index fell to approximately -0.94, its lowest reading since January 2025. The analytics provider said, “Supply available on Binance has become relatively more abundant.”
According to CryptoQuant, Binance XRP open interest dropped to USD 521.5 million on September 29, down 15.3% from the six-month high of USD 616.1 million recorded on September 22. Outstanding futures positions declined by approximately USD 94.6 million during the period.
Open interest measures the value of active futures contracts. Falling open interest reflects reduced exposure as traders close positions. Separately, market coverage linked XRP’s weaker weekly performance to increased interest in smaller tokens, including Sui and Hedera, which recorded stronger gains.
Evernorth’s planned Nasdaq debut is the next scheduled corporate development. The company announced on October 1 that Armada Acquisition Corp. II shareholders approved their proposed combination at a September 30 meeting. The companies expect to close the transaction on October 7.
Following closing, the combined company expects its Class A common stock to begin Nasdaq trading under “XRPN” on October 8. The schedule remains subject to the satisfaction or waiver of remaining closing conditions. Evernorth’s investors include Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken and GSR.
The transaction is expected to generate approximately USD 300 million in gross cash proceeds. Investors contributed XRP directly alongside cash financing. Evernorth expects to hold approximately 473 million XRP when the transaction closes.
ALSO READ: XRP Holders Ranked: Who Owns the Most XRP in 2026?