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Ripple-backed Evernorth plans a $1 billion XRP Treasury to accumulate and manage XRP holdings.
The initiative could boost XRP Price by reducing the circulating supply and driving institutional demand.
Funds will support DeFi and liquidity projects, expanding XRP’s real-world utility.
An ambitious plan has emerged involving the cryptocurrency XRP, which could significantly influence the token’s price dynamics. A newly formed company called Evernorth Holdings intends to raise over $1 billion in a public listing on the Nasdaq stock exchange.
The proceeds are to be largely used to build a large-scale XRP treasury through open market purchases of XRP. The merger and listing are expected to conclude in the first quarter of 2026, subject to approvals and regulatory clarity.
Evernorth is being structured through a merger with a special purpose acquisition company (SPAC) named Armada Acquisition Corp II. The plan is for the combined company to carry the Evernorth name and trade on Nasdaq under the ticker ‘XRPN’ (pending final approvals).
The funds raised will be used not just for accumulating XRP, but also for developing infrastructure around the token.
Among the notable backers is Japanese investment firm SBI Holdings, committing around $200 million to the effort. Other participants include Pantera Capital, Kraken, GSR, and insiders associated with Ripple (including its co-founder). The alignment of so many institutional players suggests a concerted push into XRP from the professional investment community.
The reasoning behind why this treasury raise might push XRP price is based on two interrelated points: heightened demand for XRP and lowered available supply circulating. If the new body stockpiles vast quantities of XRP from the open market, it essentially takes tokens out of the 'free float' circulation, which may create upward price pressure.
Also, since the car is public and supported by institutions that are known, it can attract additional investor attention, particularly from those looking for indirect exposure to XRP without acquiring the token itself. This can intensify the demand side by pulling capital into the ecosystem in new ways.
In addition, with the model proposed, not just passively holding XRP but engaging it in yield-generating investments, the initiative can potentially contribute to increased broader utility and adoption of XRP, and this could positively impact investor sentiment.
Also Read: XRP Price isn’t Moving, But Investors Might Be Buying More
Despite the compelling narrative, several factors temper the certainty that the plan will produce a lasting or dramatic rise in XRP’s price.
While $1 billion is a large sum, when compared to XRP’s total circulating supply, it constitutes only a modest fraction. The actual effect on price depends heavily on how fast the purchases occur, how much slippage there is, and how market participants anticipate and react to the accumulation. If the purchases are broad and gradual, the price impact may be diluted; if they are executed aggressively in low-liquidity venues, costs and slippage could reduce returns.
Market liquidity and execution mechanics matter. If the accumulation drives up the price significantly or spurs speculative flows, the cost of acquiring future tokens may increase, reducing return potential for the treasury. Additionally, if large holders anticipate the move and begin selling into the buying pressure, that may offset some of the intended supply‐reduction benefits.
Regulatory and macroeconomic headwinds remain relevant. The regulatory status of XRP has been under scrutiny for years, and while recent rulings have improved clarity for Ripple, uncertainties persist. Moreover, even a well-executed treasury strategy may not fully counter broader adverse market factors.
The strategy’s success depends not just on accumulation but on the utility generated. If the treasury vehicle fails to deliver on generating real use-case value for XRP, investor enthusiasm may fade. Historical examples of “crypto-treasury” companies show that credibility, transparency, and execution matter heavily.
Since the announcement of the Evernorth initiative, the XRP price has shown signs of renewed strength. One data snapshot shows XRP trading around $2.41 at the time of the story, reflecting increased optimism.
In broader market commentary, some analysts have projected that XRP could reach $6 under favorable conditions. One media outlet noted XRP trading at about $2.82, having rebounded from a support area near $2.50. But those projections also come with wide caveats about regulatory risks and general market sentiment.
In a best-case XRP price prediction, the treasury accumulation might lead to a sustained reduction of XRP available for trading, which compels upward price pressure, especially if paired with increased utility of the token. This could trigger a positive feedback loop where a higher price attracts more institutional interest, which further reduces supply, and so on.
In a more moderate scenario, XRP might see meaningful but not dramatic price gains. The story generates attention and some capital flows, but the broader market context and supply dynamics limit how far and how fast the token can move up.
In a less favourable scenario, the treasury initiative may underperform if accumulation is slower than expected or if market sentiment turns sour. That could lead to only a temporary price bump, followed by consolidation or even drawdown if broader market stress appears or if investors question the strategy’s value-add.
Also Read: What’s Next for XRP: Navigating Calm or Stormy Times?
The decision by Evernorth, backed by Ripple and prominent crypto and finance institutions, to raise $1 billion for building an XRP treasury is a significant structural story. It brings three major forces together: large-scale accumulation of XRP, institutional capital entering via a public vehicle, and planned deployment of the token in active yield-based strategies. These elements combine to create a plausible pathway for upward pressure on the XRP price.
However, the outcome is far from guaranteed. The magnitude of the raise, while large, remains modest relative to the total token supply. Execution risks, liquidity constraints, regulatory clarity, and broader macro factors all play critical roles.
For XRP price to benefit substantially and sustainably, the accumulation must be meaningful in size, sustained in pace, and complemented by real growth in token utility and ecosystem adoption. Time will tell whether the plan meets those conditions, and whether investor sentiment, token usage, and market dynamics align favourably.
1. What is Ripple’s $1 Billion XRP Treasury plan?
Ripple-backed Evernorth Holdings is planning to raise over $1 billion through a Nasdaq listing to build the largest institutional XRP Treasury, aiming to purchase and manage large amounts of XRP for strategic and DeFi-related uses.
2. How could the XRP Treasury affect the XRP price?
By buying XRP from the open market, the treasury could reduce token supply and create upward pressure on the XRP Price, especially if buying is consistent and large-scale.
3. Who are the major investors in the XRP Treasury project?
Major backers include SBI Holdings, Kraken, Pantera Capital, and Ripple insiders, signaling strong institutional confidence in XRP’s long-term potential.
4. What role does DeFi play in the XRP Treasury plan?
Part of the raised funds will be used to develop DeFi infrastructure, enabling XRP to be used in lending, staking, and liquidity programs that increase its utility and ecosystem growth.
5. When is the XRP Treasury expected to launch?
The Evernorth public fundraising and raising are expected to be completed by early 2026, pending final regulatory and market approvals.
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