XRP Institutional Adoption Soars as Evernorth Holdings Reveals $639 Million Stake
In a significant development for the XRP ecosystem, institutional demand is surging as major players enter the market. Evernorth Holdings Inc., a prominent digital asset treasury firm, has disclosed holdings of 261 million XRP tokens worth approximately $639 million, positioning itself among the top corporate holders alongside VivoPower International and Trident Digital Tech Holdings. The firm's planned Nasdaq listing through a merger with Armada Acquisition Corp II could inject over $1 billion into the ecosystem, with backing from heavyweight investors like SBI Holdings and Pantera Capital. This MOVE signals growing institutional confidence in XRP's long-term value proposition and could catalyze further adoption across traditional finance sectors. As of November 2025, these developments are creating bullish momentum for XRP's market position and future price trajectory, with analysts closely watching how institutional participation might reshape liquidity dynamics and regulatory perceptions of the digital asset.
XRP Demand Surges as Institutional Players Enter Market
Evernorth Holdings Inc., a digital asset treasury firm, has emerged as a major XRP holder with 261 million tokens worth approximately $639 million. The firm now ranks among top corporate holders like VivoPower International and Trident Digital Tech Holdings.
Evernorth plans to go public on Nasdaq through a merger with Armada Acquisition Corp II, potentially raising over $1 billion from investors including SBI Holdings, Pantera Capital, and Ripple Labs. Ripple co-founder Chris Larsen has already contributed 50 million XRP to the deal, while Ripple transferred 211 million tokens in separate transactions.
The fundraising round is expected to close by Q1 2026, pending regulatory approvals. Evernorth aims to establish one of the world's largest institutional XRP treasuries focused exclusively on XRP asset management.
XRP's price reacted positively to the news, climbing 2% to $2.45 as institutional interest grows. The development signals strengthening corporate adoption within Ripple's ecosystem.
XRP Tests Key Resistance Amid Institutional Demand Surge
XRP edged up 0.05% to $2.65 as trading volume spiked 26% above weekly averages, signaling intensified market interest. The digital asset fluctuated within a tight $0.087 range while facing formidable resistance at $2.70. Traders now watch whether support between $2.61-$2.63 will hold.
Behind the price action lies a notable 3.36% decline in exchange reserves since October - a pattern historically preceding consolidation phases. Institutional volume growth suggests this may represent strategic portfolio repositioning rather than mere speculative activity. The asset's 24-hour range of $2.568-$2.655 shows buyers establishing higher lows, though the $2.70 ceiling remains unchallenged.
Evernorth Acquires Nearly $1 Billion Worth of XRP
Evernorth Holdings has made a significant move in the cryptocurrency market, acquiring 388.7 million XRP tokens valued at approximately $993 million. This represents 95% of its target volume, signaling strong institutional confidence in the digital asset.
The firm's average purchase price of $2.44 per XRP could establish a crucial support level for Ripple's future price movements. With an unrealized gain of $46 million in just four days, Evernorth's strategic accumulation appears prescient as XRP trades NEAR $2.65 at press time.
Preparing for a public listing through a merger with Armada Acquisition Corp II, Evernorth aims to raise over $1 billion to further bolster its XRP reserves. This development follows Ripple Labs' reported plans to secure $1 billion for its XRP reserve, highlighting growing institutional interest in the cryptocurrency.
XRP Price: Record Exchange Withdrawals Signal Potential Rally to $3
XRP shows resilience at $2.62 despite a 0.24% daily dip, with weekly gains of 6.89% as trading volume surges 21% to $4.47 billion. The token's recovery aligns with a critical trendline support that has historically marked accumulation zones.
Evernorth's $1 billion treasury purchase—accumulating 388.71 million XRP—coincides with unprecedented exchange outflows of 2.78 million tokens. This institutional demand, coupled with record withdrawals, suggests shrinking sell-side pressure.
Technical patterns mirror previous breakout trajectories, projecting a November target range of $2.75-$3.00. A decisive breach of the $2.64 resistance could catalyze moves toward $2.88, with longer-term Fibonacci extensions eyeing $3.70-$3.80.
Lawmaker Proposes Total Crypto Ban for U.S. Officials Amid Trump Pardon Controversy
Representative Ro Khanna of California is drafting legislation to prohibit all elected officials, including President Donald TRUMP and his family, from trading cryptocurrencies or stocks while in office. The move follows Trump's controversial pardon of Binance founder Changpeng "CZ" Zhao, who pleaded guilty to anti-money laundering violations.
Khanna alleges CZ's ties to World Liberty Financial (WLFI), a crypto project co-founded by Eric Trump, created a conflict of interest. "This is textbook political corruption," Khanna stated during an MSNBC interview, claiming Binance may have financially supported the Trump family's crypto ventures.
The proposed ban WOULD extend to all digital assets and foreign-linked securities, aiming to prevent officials from profiting off policies they influence. While the Trump family denies improper connections, the debate over crypto's role in political ethics has reignited.
Ripple CTO Clarifies XRP Escrow Dynamics: Transferable Rights Could Reshape Supply Perceptions
Ripple CTO David Schwartz has unveiled a critical nuance in XRP's escrow mechanics, revealing that while 35 billion locked tokens remain inaccessible until scheduled releases, their future rights may be traded. This revelation challenges conventional market cap calculations that exclude escrowed holdings.
The disclosure follows persistent debates about XRP's true circulating supply. "Escrow accounts are time-locked, but the contractual rights to future releases aren't," Schwartz stated, suggesting Ripple could monetize these claims without moving actual tokens. Market participants now face reevaluating supply assumptions that have underpinned valuation models since 2017.
With 65 billion XRP already circulating, the potential introduction of escrow derivatives could create parallel liquidity streams. This development emerges as Ripple navigates ongoing SEC litigation, where escrow mechanics remain a focal point of regulatory scrutiny.
