The XRP price is trading around $1.00, and the latest drop is now affecting a real corporate transaction. Evernorth Holdings has changed the structure of its planned Nasdaq listing because XRP is trading far below the level that was built into the original agreement.
BSCN reported that the deal was originally negotiated using an XRP reference price of $2.36. With XRP now trading close to $1.00, Evernorth has reworked the transaction so the final share count will be based on XRP’s volume-weighted average price (VWAP) at closing.
What you'll learn 👉
Evernorth Had To Rewrite The XRP Math
The revised structure keeps the share price fixed at $10, but each share will represent more XRP if the token remains near current levels. In simple terms, investors would receive a larger XRP-backed exposure per share than originally planned.
XRP Price Drop Forces Evernorth To Rewrite Its $1B Nasdaq Deal
— BSCN (@BSCNews) August 14, 2026
Crypto treasury firm, Evernorth Holdings, is changing the terms of its planned Nasdaq listing because $XRP trades far below expectations.
The original deal assumed XRP at $2.36, while the token now trades around $1.… pic.twitter.com/bdteq8hKRp
Evernorth controls 473.27 million XRP. At roughly $1.00 per token, that treasury is worth about $473 million, which is dramatically lower than the valuation implied by the original $2.36 assumption.
One detail I found especially interesting is investor approval. BSCN said that more than 95% of committed investors accepted the revised terms, which suggests the company was able to preserve broad support for the listing despite the weaker XRP market.
Read Also: Crypto Price Prediction for Today, August 14: Bittensor (TAO), XRP, Worldcoin (WLD)
The XRP Chart Is Sitting Right On Top Of $1.00
I took another look at the XRP chart, and the technical setup is extremely delicate. The price of XRP is around $1.0015 on the 4-hour chart having drifted downward for most of the summer season from $1.35.
The currency attempted to hold steady between $1.05 and $1.15 for most of July and August, however, the breakout of this range has left the currency with just a little bit above the $1.00 support zone.
The important thing is that XRP has not decisively broken below $1.00 yet. Buyers are still trying to defend that area, and the next few 4-hour candles will probably determine whether the market stabilizes or starts another move lower.
The momentum indicators are showing a market that has become heavily sold. The 4-hour RSI is around 38.06, and the Ultimate Oscillator is near 38.62. Both readings are in oversold territory, which usually means sellers have become stretched.
Why This Matters Beyond One Company
What makes this story more important than a typical treasury announcement is that it shows how quickly corporate financing assumptions can change when a crypto asset falls by more than half.
The original Evernorth deal assumed $2.36 XRP. The current XRP price near $1.00 is roughly 58% lower than that reference level. A move of that size is large enough to force a complete recalculation of how much XRP backs each Nasdaq-listed share.
For investors, this is a useful reminder that crypto treasury companies carry direct market-price exposure. When the underlying asset drops sharply, treasury valuations, equity dilution, and financing structures can all change very quickly.
For me, the biggest takeaway is that XRP is no longer only a trading story. A fall from $2.36 to about $1.00 has already forced a real Nasdaq transaction to be rewritten. The chart is still under pressure, but the oversold indicators indicate the market may be getting close to a short-term exhaustion point. If buyers cannot hold the $1.00 floor, the next support zone near $0.95-$0.90 becomes much more important.
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