Ripple’s $1 Billion XRP Treasury Initiative: A Bold Move for Cryptocurrency Growth

Ripple is making a significant stride in the cryptocurrency space by backing a new $1 billion XRP treasury initiative through Evernorth. This ambitious project, supported by Ripple, co-founder Chris Larsen, and major crypto firms like Pantera Capital and Kraken, aims to accumulate XRP with over $1 billion in net proceeds. The initiative involves merging Evernorth with SPAC Armada Acquisition Corp II, with the deal expected to close by Q1 2026. The capital raised will primarily be used to purchase and hold XRP, signaling strong confidence in the digital asset's future. This move underscores Ripple's commitment to fostering growth and stability in the XRP ecosystem, potentially driving long-term value for investors. As of November 2025, this development marks a pivotal moment for XRP, highlighting its growing prominence in the global financial landscape.

Ripple Backs $1 Billion XRP Treasury Initiative Through Evernorth

Ripple is supporting a new publicly traded digital asset treasury, Evernorth, aimed at accumulating XRP with over $1 billion in net proceeds. The initiative involves contributions from Ripple, co-founder Chris Larsen, and major crypto firms like Pantera Capital and Kraken.

Evernorth will merge with SPAC Armada Acquisition Corp II, with the deal expected to close by Q1 2026. The capital raised will primarily be used to purchase XRP on the open market, leveraging both traditional and decentralized finance yield strategies.

Former Ripple executive Asheesh Birla, now CEO of Evernorth, emphasized the firm's broader mission beyond price exposure. "We’re building infrastructure for the next phase of institutional crypto adoption," he said. Ripple CEO Brad Garlinghouse and other executives will serve as strategic advisors.

Evernorth Holdings Plans $1B SPAC Merger to Build XRP Treasury

Evernorth Holdings, a Nevada-based firm founded by former Ripple executive Asheesh Birla, is set to go public through a merger with Armada Acquisition Corp II. The deal, expected to raise over $1 billion, WOULD see the combined entity trade on Nasdaq under the ticker XRPN by early 2026.

The company intends to use the proceeds to purchase XRP on the open market, creating what it claims will be the largest publicly traded XRP treasury. The transaction includes a $200 million commitment from Japan’s SBI Holdings and backing from prominent investors like Ripple, Pantera Capital, and Kraken.

"Evernorth is a first-of-its-kind institutional vehicle built to accelerate XRP adoption," said Birla. The MOVE highlights growing institutional interest in XRP as its DeFi ecosystem expands.

Evernorth Holdings Announces $1 Billion XRP Treasury Plan via Nasdaq Merger

Evernorth Holdings Inc., a newly established financial firm focused on XRP, revealed plans to go public through a merger with Armada Acquisition Corp II. The deal, expected to raise over $1 billion, will list the company on Nasdaq under the ticker "XRPN." Key investors include SBI, Ripple, Pantera Capital, and Ripple co-founder Chris Larsen.

The capital will be deployed to accumulate XRP on the open market, creating what the firm describes as the world's largest institutional XRP treasury. "Evernorth aligns with Ripple's vision of XRP as a global settlement asset," said Ripple CEO Brad Garlinghouse. The firm aims to provide transparent XRP exposure through public markets while leveraging DeFi strategies for yield generation.

Leadership includes former Ripple executive Asheesh Birla, who spearheaded the company's cross-border payments expansion. The move signals growing institutional confidence in XRP's utility beyond speculative trading.

Top Ripple Strategist Shares Crazy News with XRP Holders, Keep an Eye on This Level

The XRP community is abuzz after Ripple strategist Max Avery reaffirmed that the XRP Ledger (XRPL) is fast becoming the backbone of the global tokenization movement. Institutional adoption is growing, and XRP’s price continues to test critical resistance levels.

Analysts note that XRP must hold above $2.36 to confirm bullish momentum. A clean break above $2.46 could lead to a push toward $2.64 or even $2.72. Meanwhile, PayDax Protocol (PDP), an emerging altcoin, is gaining traction in the DeFi space, with presale momentum that may soon rival XRP’s market excitement.

Ripple’s vision for XRPL centers on transforming it into a financial infrastructure for tokenized assets. Each new institution using XRPL adds measurable volume and legitimacy to XRP’s ecosystem, strengthening its case as a bridge between traditional finance and blockchain networks.

Ripple Labs Aims to Raise $1B for XRP-Centric Digital Asset Treasury

Ripple Labs is spearheading a $1 billion fundraising initiative to establish a digital asset treasury (DAT) with a primary focus on XRP accumulation. The move, reported by Bloomberg on October 17, signals strong institutional confidence despite recent crypto market turbulence. Capital will be raised through a SPAC structure, supplemented by Ripple's existing XRP holdings.

The treasury expansion coincides with Ripple's strategic acquisition of GTreasury, a $1 billion deal that integrates corporate finance infrastructure into its institutional adoption playbook. This dual approach positions Ripple as a leader in digital asset management solutions for enterprise clients.

Market observers note the timing demonstrates Ripple's long-term commitment to XRP's utility beyond speculative trading. The DAT initiative creates a structural buyer for XRP while providing institutional investors with regulated exposure to digital asset treasury management.

XRP Price Prediction: Symmetrical Triangle Breakout Looms as XRP Targets $2.80 Resistance Zone

XRP is showing signs of a potential breakout as accumulation rises and liquidity grows. The asset has stabilized within the $2.40–$2.50 range, a critical support zone that has absorbed recent selling pressure. Traders interpret this consolidation as a precursor to an upward move, with $2.80 emerging as the next key resistance level.

Technical indicators reinforce bullish sentiment, suggesting momentum is building. XRP's current price of $2.44 reflects a 1.55% gain over the past 24 hours, signaling renewed confidence among investors. Market watchers are now positioning for a mid-term rally that could redefine XRP's trajectory through 2025.