TLDR
- XRP is trading at $2.46 with institutional investors building positions below $2.50 and targeting a breakout to $2.80
- Whale wallets holding over 10,000 XRP reached a record 317,500, up 1.8% in one month
- Ripple-backed Evernorth Project plans to raise over $1 billion through a SPAC merger with Armada Acquisition Corp II
- Evernorth aims to create the world’s largest institutional XRP treasury with backing from SBI Holdings, Pantera Capital, Kraken, and GSR
- Ripple co-founder Chris Larsen is contributing 50 million XRP while CTO David Schwartz joined as strategic advisor
XRP is trading at $2.46 with a daily trading volume of $5.26 billion. The token’s market cap stands at $144.33 billion.
The price increased 1.66% in the past 24 hours. Institutional investors have been accumulating positions during recent consolidation.
Crypto analyst CryptoPulse identified accumulation levels below $2.50 as optimal entry points. Stop losses are positioned around $1.50 for risk management.
🚀 $XRP Ready for Lift-Off 🚀
The setup couldn’t be more perfect. After that liquidity wipeout cleared retail positions, institutions quietly stepped in and loaded up. Now momentum is shifting, and we’ve already begun buying heavily into this zone.
💎 Entries under $2.50 are… pic.twitter.com/rQNYqrVbdK
— CryptoPulse (@CryptoPulse_CRU) October 20, 2025
Analysts believe XRP could reach $2.80 in the near term. Some projections suggest the token might exceed $10 during this market cycle.
On-chain data from Santiment shows whale wallets are growing. Addresses holding over 10,000 XRP reached an all-time high of 317,500.
This represents a 1.8% increase in just one month. The accumulation trend has continued through 2025 despite price fluctuations.
Large holders view current prices as opportunities to build positions. The growing number of whales suggests confidence in future price appreciation.
Evernorth Project Targets Institutional Market
Crypto analyst Stern Drew highlighted Ripple’s Evernorth Project as a major development. The initiative plans to raise over $1 billion through a SPAC merger.
🚨JUST IN: #Ripple-backed Evernorth plans a Nasdaq listing to raise over $1 BILLION — aiming to build the largest publicly traded $XRP treasury, as per Reuters. pic.twitter.com/akt6fVjpy1
— Coin Bureau (@coinbureau) October 20, 2025
Evernorth will merge with Armada Acquisition Corp II to go public. The project aims to build the world’s largest institutional XRP treasury.
The platform serves as a regulated vehicle for corporations and investment funds. It provides compliant access to XRP without direct token purchases.
Major investors backing Evernorth include SBI Holdings, Pantera Capital, Kraken, and GSR. Ripple itself is a key supporter of the project.
Ripple co-founder Chris Larsen is contributing 50 million XRP to Evernorth. David Schwartz, XRP Ledger’s chief architect, joined as a strategic advisor.
Bridging Traditional Finance and Crypto
Evernorth pools institutional capital in a transparent, compliant structure. The platform can integrate with traditional banking systems like SWIFT and Fedwire.
The project connects payment systems including PSD2 APIs. It also works with GTreasury for payment processing.
Drew described this as integration rather than expansion. Ripple is embedding itself into global finance infrastructure.
The SPAC merger allows institutional investors to gain XRP exposure through a public company. This removes barriers for traditional finance players.
XRP currently trades above $2.40 as it consolidates for the next move. Holding above $2.30 is viewed as critical for the rally to $2.80.
The combination of whale accumulation and institutional infrastructure development supports bullish forecasts. Trading volume and market cap data indicate sustained interest in the token.
