XRP News Today: Evernorth's XRP Holdings Surpass $1 Billion, Strengthening Ripple's Bridge Asset Ambitions

Supported by Ripple, Evernorth has reached an important benchmark as its

treasury has now exceeded $1 billion in valuation, based on figures from XRPScan. The firm currently possesses 388.7 million XRP tokens, a total boosted by a recent transfer of 126.8 million XRP from Ripple itself, along with further investments from institutional partners. This growth has paralleled a 4% uptick in XRP’s price, which moved from $2.40 to $2.58 over the last day, signaling renewed faith among investors in the token’s practical use and market steadiness, according to a .

Evernorth’s swift accumulation of XRP has received endorsement from Ripple’s top executives, notably a 50 million XRP transfer from Chairman Chris Larsen on the day the company launched. Institutional support has continued to grow, with Uphold adding 199,998 XRP and SBI Holdings pledging $200 million to strengthen the treasury. These actions point to increasing institutional interest, with Evernorth intending to use funds from its $1 billion SPAC merger with Armada Acquisition Corp. II to acquire more XRP on the open market, as reported by Coinrise.

Ripple’s broader efforts to boost XRP’s functionality are also making headway. The company recently bought GTreasury, a treasury management software firm valued at $1 billion, to help incorporate XRP into corporate liquidity offerings. Ripple’s $1.25 billion purchase of Hidden Road, a leading brokerage platform, has further expanded its capacity to deliver institutional-grade services, including settlements using XRP. These initiatives are positioning XRP as a key asset for international finance, a topic explored in a

and discussed by experts in a .

Optimism in the market is also being driven by the potential approval of U.S. spot XRP ETFs. The REX-Osprey XRP ETF (XRPR) has already accumulated over $100 million in assets under management, as noted in a

, and traders on Polymarket now estimate a 99% chance of ETF approval before the year ends. Analysts believe these products could unlock billions in institutional investment, potentially pushing XRP’s price higher. Crypto investor Jake Claver forecasts that XRP could hit $100 by late 2025, citing increased demand and improved liquidity, as highlighted by Coinpedia.

Evernorth’s forthcoming Nasdaq debut under the ticker XRPN, anticipated in the first quarter of 2026, is expected to further boost momentum. The company aims to utilize its XRP assets through lending, providing liquidity, and DeFi staking to earn returns, with CEO Asheesh Birla stressing the reinvestment of profits into acquiring additional tokens. This strategy is in line with Ripple’s goal of establishing XRP as a core asset for institutional finance, as reported by Coinrise.

Even with recent short-term swings—XRP dropped 40% in a single day amid widespread market sell-offs—the token has outperformed

and other major cryptocurrencies in the past weeks, rising 5% compared to Bitcoin’s 0.86% gain. This strength highlights the increasing alignment between Ripple’s ecosystem and XRP’s market trends, as covered by TimesTabloid.