Live News and Price Updates for Ripple’s XRP As $1B Evernorth Raise Sparks Excitement

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

Last updated:

October 21, 2025

Live News and Price Updates for Ripple’s XRP As B Evernorth Raise Sparks Excitement

XRP is trading at $2.48 as of October 21, 2025, gaining 4.15% in the past 24 hours as the cryptocurrency recovers from recent volatility while the market digests a landmark institutional development.

On October 20, Ripple-backed Evernorth Holdings announced a business combination with SPAC Armada Acquisition Corp II to create the world’s first publicly traded XRP treasury company, raising over $1 billion and positioning to trade on Nasdaq under ticker symbol “XRPN” in Q1 2026.

This represents a watershed moment for XRP—similar to MicroStrategy’s Bitcoin treasury strategy—as major institutional investors, including SBI Holdings ($200 million), Pantera Capital, Kraken, and Ripple co-founder Chris Larsen ($120 million in XRP), commit capital to accumulate XRP through open-market purchases, creating sustained institutional buying pressure that could significantly impact supply dynamics.

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