XRP News Today: Evernorth's XRP Buy Spur Institutional Adoption as Ripple Blurs Finance Lines

Ripple's XRP has seen renewed interest as retail demand rebounds and institutional players deepen their commitments to the cryptocurrency. The asset, which trades above $2.65 as of late October 2025, is benefiting from a combination of market sentiment shifts and strategic corporate actions, including Ripple's recent acquisitions and the launch of its new venture, Evernorth Holdings, according to a FXStreet report.

XRP's futures open interest (OI) has surged to $4.51 billion, a sign of growing retail participation after a dip to $3.49 billion in late April 2025, the FXStreet report noted. However, technical indicators paint a mixed picture. While XRP holds above its 200-period EMA at $2.65, the declining OI-weighted funding rate—averaging 0.0055% as of October 28—suggests traders are hedging against potential downside risks, per the FXStreet analysis. The Relative Strength Index (RSI) at 62 and the Money Flow Index (MFI) at 61 further indicate weakening bullish momentum, with analysts warning of profit-taking pressures reported by the FXStreet piece.

Ripple's new subsidiary, Evernorth Holdings, has become a major player in the XRP market. The firm, which officially launched on October 20, has acquired 388.7 million XRP tokens at an average price of $2.44, now valued at $1.03 billion at current prices, according to a Yahoo Finance report. This accumulation, one of the largest single-entity purchases in XRP history, has spurred optimism about the token's institutional adoption. Evernorth, backed by Ripple, SBI Group, and others, is preparing for a SPAC merger that will list it on Nasdaq under the ticker XRPN, according to a Cointelegraph report. The move underscores Ripple's broader strategy to bridge traditional finance and the XRP ecosystem.

Ripple's XRP escrow structure—where 35 billion tokens are locked in time-released contracts—has added a new layer of complexity to market analysis, according to a TradingView article. CTO David Schwartz clarified that while escrowed tokens cannot circulate, Ripple could sell rights to future releases, potentially altering perceptions of XRP's supply dynamics. This revelation has reignited debates about XRP's market capitalization, which currently excludes escrowed tokens, and its comparability to Bitcoin, which includes all coins in its valuation.

Beyond XRP, Ripple has aggressively expanded into traditional finance through acquisitions. The company recently completed a $1.25 billion takeover of Hidden Road, rebranding it as Ripple Prime to offer institutional-grade services like clearing and derivatives, according to a Yahoo report. Earlier in October, Ripple also acquired GTreasury, a corporate treasury management firm, for $1 billion, further solidifying its presence in cross-border payments and digital asset infrastructure, as reported by Securities Finance Times. These moves position Ripple as a key player in the evolving intersection of blockchain and traditional finance, per TradingView coverage.

Analysts remain divided on XRP's short-term trajectory. While some, like Ripple's CTO, see potential for a multi-year rally to $27, others, such as CasiTrades, anticipate a consolidation phase below $2.82 before a possible surge to $6.50, according to a Coinpedia article. The broader market context, including pending U.S. regulatory decisions on XRP ETFs, adds uncertainty noted in the Yahoo Finance coverage. However, institutional adoption and Evernorth's public listing could provide a catalyst for sustained growth, the Cointelegraph piece suggested.