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Ripple CEO Brad Garlinghouse outlined long-term XRP growth scenarios while an XRP treasury firm moved toward a public listing, as debate intensified around XRP’s role in global payments. The comments surfaced after XRP Queen shared a clip featuring Brad Garlinghouse, CEO of Ripple, discussing XRP’s potential for cross-border settlement.
At the same time, XRP treasury firm Evernorth is prepared to enter public markets, despite losses across crypto treasury companies and a slowdown in token accumulation. Together, the developments renewed focus on XRP valuation models, institutional adoption, and whether blockchain rails can rival legacy financial infrastructure.
Garlinghouse described XRP’s upside in terms ranging from tenfold to one hundredfold growth, tied to adoption rather than short-term price speculation. He pointed to global cross-border payments as a multi-trillion-dollar market that still relies on slow and costly systems for value transfer.
XRP and the XRP Ledger aim to settle transactions within seconds while charging minimal fees, according to the discussion shared in the clip.
Garlinghouse linked potential valuation jumps to XRP capturing even a small share of global payment flows, which explains community projections between $20 and $250.
The argument centers on scale and utility rather than market cycles or trading momentum.
Can XRP’s settlement role transform valuation if banks shift payment flows onto blockchain rails?
A major pillar of the thesis involves XRP’s ability to challenge or complement SWIFT, which currently handles interbank messaging. Garlinghouse noted that SWIFT does not move funds but instead coordinates messages between financial institutions.
Ripple’s technology seeks to combine messaging and settlement in one system, reducing friction across borders. He said meaningful competition with SWIFT could place XRP in four- or five-figure valuation territory under extreme adoption scenarios.
These scenarios depend on widespread institutional use rather than retail demand.
Garlinghouse framed the opportunity around infrastructure replacement rather than token speculation.
While XRP adoption narratives gained attention, crypto treasury companies faced declining interest after a strong 2025 rally faded. According to Asheesh Birla, CEO of Evernorth Holdings, the timing still favors a public listing.
Birla claimed Evernorth plans to go public through a SPAC merger with Armada Acquisition Corp II, trading as XRPN on Nasdaq. He linked optimism to clearer regulation and institutional readiness to adopt crypto exposure through public equities.
Evernorth holds 388 million XRP tokens purchased at an average price of $2.44, based on data from CryptoQuant. With XRP trading near $2.09, the firm faces millions in unrealized losses, with holdings valued around $812 million against a $948 million cost basis.
Read More: XRP Near Key Phase as Analyst Signals Patience Ahead: Will XRP Achieve $3.5?
Birla said Evernorth offers custody, compliance, and security services, allowing investors to gain XRP exposure through a public stock rather than direct token ownership. He also said the company plans to generate yield on its XRP holdings and reinvest proceeds into additional tokens.
The broader crypto rally followed Donald Trump’s return to the White House, though treasury accumulation later slowed as market conditions tightened.
Ripple CEO Brad Garlinghouse tied XRP’s long-term value to its role in global payments, not short-term trading. At the same time, Evernorth moved toward a Nasdaq listing despite treasury sector losses. Together, these developments keep focus on XRP adoption, infrastructure use, and institutional access through public markets.
