Can XRP Price Rebound Toward $1.60 as Evernorth Expands Its Wall Street Presence?

XRP price faces a critical test near $1.25, where a potential rebound could put $1.42 and $1.60 back in focus. Ali Charts identified a descending parallel channel on the hourly chart, suggesting the token could fall further before buyers regain control. Meanwhile, Evernorth's Nasdaq debut is expanding institutional exposure to XRP through a publicly traded vehicle.