XRP News Today: Evernorth's XRP Holdings Surpass $1 Billion, Strengthening Ripple's Bridge Asset Ambitions
- Evernorth's XRP treasury hit $1B via 388.7M tokens, supported by Ripple's 126.8M XRP transfer and institutional investments. - XRP's 4% price surge to $2.58 reflects renewed confidence, driven by corporate adoption and ETF approval speculation. - Ripple's $1.25B Hidden Road acquisition expands XRP-based settlement capabilities, reinforcing its bridge asset strategy. - Upcoming ETF approvals (99% Polymarket probability) and Evernorth's Nasdaq listing (Q1 2026) could unlock institutional capital flows. - A
Supported by Ripple, Evernorth has reached an important benchmark as its
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
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
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
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Circle's ARC Blockchain Positions Itself as an Impartial Foundation for Worldwide Digital Finance
- Circle launches ARC blockchain testnet with global institutions to build decentralized cross-border payment infrastructure. - Partnership with ClearBank enables MiCA-compliant stablecoin transfers across Europe, accelerating institutional blockchain adoption. - ARC's 60+ stakeholders include MetaMask and Chainlink, targeting multi-chain swaps and AI tools for decentralized finance. - Circle's 8.88% stock surge reflects market optimism despite regulatory challenges in balancing decentralization and compli
Gold Surges to $4,275 as Confidence Wanes; Ozak AI Crypto Stands Out as a Reliable Growth Opportunity
- Gold prices hit $4,275/oz by 2026 as trust in traditional finance wanes, with JP Morgan forecasting $5,055/oz driven by central bank demand. - Ozak AI emerges as a structured crypto alternative, offering $OZ tokens at $0.012 in presale with projected 12x growth to $1 by 2026. - The AI-driven platform combines DePIN and cross-chain tech with 6.5M-node Meganet, attracting $4.2M in funding through secure smart contracts. - Unlike volatile legacy cryptos, Ozak's phased presale roadmap targets $0.014-$1 price
Ethereum Rises 6.7% Over the Past Week as ETF Developments Advance and Large Investors Accumulate
- Ethereum rose 6.7% in 7 days amid ETF approval progress and whale accumulation, despite a 0.12% 24-hour dip to $4,118.20. - BlackRock's staking ETF application under SEC review and MegaETH's $999M ICO highlight institutional interest in Ethereum's ecosystem. - Whale activity shows $196M in Ethereum accumulation, with Pal and "100% Win Rate Whale" increasing positions by 200-100 ETH each. - A proposed backtesting strategy tests Ethereum's response to 5% price surges, aiming to validate institutional-drive
U.S. Announces $490 Billion Investment as Global Regulations and Geopolitical Dynamics Evolve
- U.S. Commerce Secretary finalizes $490B investment to boost domestic industries and global trade partnerships. - Kuwait accelerates capital market modernization via quadrilateral plan to enhance competitiveness and investor confidence. - KalshiEX sues New York over regulatory jurisdiction, claiming federal preemption for sports outcome derivatives. - Thailand's PM meets U.S. President Trump ahead of Cambodia ceasefire, signaling Southeast Asia diplomatic shifts. - Global developments highlight regulatory
Trending news
MoreCrypto prices
More
