XRP News Today: Evernorth's XRP Treasury Reaches $1B, Cementing Ripple's Bridge Asset Vision

Ripple-backed Evernorth has achieved a significant milestone, with its XRP treasury surpassing $1 billion in value, according to data from XRPScan. The company now holds 388.7 million XRP tokens, driven by a recent transfer of 126.8 million XRP from Ripple and additional contributions from institutional investors. This surge has coincided with a 4% increase in XRP's price, which climbed from $2.40 to $2.58 in the past 24 hours, reflecting renewed investor confidence in the token's utility and market stability, according to a Coinrise report.

Evernorth's rapid accumulation of XRP has drawn support from Ripple's leadership, including a 50 million XRP transfer from Chairman Chris Larsen on the company's launch day. Institutional backing has further solidified, with Uphold contributing 199,998 XRP and SBI Holdings committing $200 million to bolster the treasury. These moves signal growing institutional adoption, with Evernorth planning to use proceeds from its $1 billion SPAC merger with Armada Acquisition Corp. II to purchase XRP on the open market, as Coinrise reported.

Ripple's broader strategy to enhance XRP's utility is also gaining traction. The company recently acquired GTreasury, a $1 billion treasury management software provider, to integrate XRP into corporate liquidity solutions. Additionally, Ripple's $1.25 billion acquisition of Hidden Road, a prime brokerage platform, has expanded its ability to offer institutional-grade financial services, including XRP-based settlements. These developments position XRP as a bridge asset for global finance, a point discussed in a TimesTabloid article and highlighted by analysts in a Coinpedia report.

Market optimism is further fueled by the potential approval of U.S. spot XRP ETFs. The REX-Osprey XRP ETF (XRPR) has already surpassed $100 million in assets under management, according to a Yahoo Finance report, while Polymarket traders now assign a 99% probability to ETF approval by year-end. Analysts argue that such products could unlock billions in institutional capital, driving XRP's price higher. Jake Claver, a crypto investor, predicts XRP could reach $100 by late 2025, citing structural demand and liquidity improvements, as Coinpedia noted.

Evernorth's upcoming Nasdaq listing under the ticker XRPN, expected in Q1 2026, adds another layer of momentum. The company plans to deploy its XRP holdings through lending, liquidity provision, and DeFi staking to generate returns, with CEO Asheesh Birla emphasizing reinvestment of profits into new token purchases. This approach aligns with Ripple's vision of XRP as a foundational asset for institutional finance, as Coinrise reported.

Despite short-term volatility—XRP recently plummeted 40% in a single day due to broader market liquidations—the token has outperformed Bitcoin and other top cryptos in recent weeks, gaining 5% against Bitcoin's 0.86% rise. This resilience underscores the growing synergy between Ripple's ecosystem and XRP's market dynamics, a trend covered by TimesTabloid.