XRP is back in the spotlight after reaching an all-time high price of US$3.65 in July of 2025. The price has since fallen to US$2.32 as of Oct 22, 2025. But things could be looking up again for the much-maligned XRP enthusiasts amongst us.

A newly-created company called Evernorth has announced plans to raise over $1 billion specifically to buy and hold XRP tokens. To put this in perspective, that's one of the largest institutional commitments to a single cryptocurrency we've seen. (Other than Michael Saylor inhaling all the Bitcoin, and Rain Lohmus snorting all the Ether.)

This means traditional investors (who are used to buying shares rather than cryptocurrencies) will be able to invest in shares of Evernorth, the company holding the XRP, rather than buying the cryptocurrency directly themselves.

To do this, Evernorth plans to merge with another company called Armada Acquisition Corp II. Armada is a Special Purpose Acquisition Company (SPAC). Pretty much, this is a company that exists just to merge with another company so it can go public, a shortcut to getting on the stock market.

The plan is to list on the Nasdaq stock exchange under the ticker XRPN. The timing on this is expected to be in early 2026. 

Why Not Just Buy XRP Myself?

Of course, you can just buy XRP yourself and look at your purchase every day inside the CoinJar app like the rest of us crypto nerdburgers.

However, large institutional investors like pension funds or investment firms may not be allowed to buy cryptocurrency directly. Or, they don’t want to look into how to buy it, and want to go with what they already know. 

These institutional buyers can, however, buy stock in a regular company on the Nasdaq. So this gives them a way to invest in XRP using methods they are already familiar with.

Why This is Interesting

Evernorth isn't just going to buy XRP and then ride off into the sunset on a crypto horse. They plan to actively use that XRP to make more XRP. There’s no guarantee that they will pull it off, mind you. But that’s the plan, Stan.

The idea is that they will lend out the XRP to other institutions via decentralised finance (DeFi), which is the crypto version of banking services that runs automatically on blockchain networks.

Evernorth also plans to provide liquidity to markets (meaning make a lot of XRP available for trading, “lubricating” the system so trading is faster and more convenient). 

They also plan to integrate Ripple's RLUSD stablecoin to create bridges between traditional banking and decentralised finance.

This could make XRP more useful, more widely adopted, and ultimately more valuable. The operative word here is “could”. Just because the crypto bros have dropped a bajillion bucks into XRP, doesn’t mean it is a sure thing. So do your research, crypto bro or sis.

Will it Affect XRP's Price?

When large amounts of capital flow into any asset, it can create upward pressure on price.

Evernorth plans to use most of this billion-dollar fund to buy XRP on the open market. When demand increases while supply remains relatively constant, prices typically rise. But the price might tumble too, even after this giant purchase. Then Evernorth will have to sit in the corner and have a good think about what they’ve done.

Who's Backing This?

The investment has attracted serious players in both traditional finance and crypto.

SBI Holdings (a major Japanese financial services company) committed $200 million to the project. Other investors include Ripple (a company closely associated with XRP), Pantera Capital (a crypto investment firm) and Kraken (a crypto exchange).

When institutions of this calibre commit capital, it often signals confidence in the asset's future potential. 

Yes, But Nothing is certain just yet, so don’t dive into the shallow end of the XRP pool without a floatie. The boards of directors from both Evernorth and Armada have approved the merger, but they still need approval from shareholders and regulators. If everything goes smoothly, the deal should be done in between January and March of 2026.

Why Consider XRP Now?

If you're thinking about cryptocurrency investments, several factors make this an interesting moment for XRP:

Institutional validation: Major financial players are committing significant capital.

Systematic buying pressure: Over $1 billion in planned purchases could support price growth.

Ecosystem development: Active management means ongoing improvements to XRP's utility.

Regulatory clarity: Listing on Nasdaq suggests increasing mainstream acceptance.

Early timing: The deal won't close until early 2026, meaning you could position yourself ahead of the major capital inflow.But again, none of this is a guarantee that prices will rise. Macroeconomic factors can swiftly kill the price of any asset, faster than King Joffrey killing any peasant who vaguely annoyed him.

Will You Be Able to Buy A Superyacht with Your XRP?

Okay calm the farm. No one is buying a new superyacht just yet. But there is a little Hopium to be inhaled here.

The Evernorth announcement represents a significant vote of confidence in XRP's future. Large-scale institutional buying, combined with active ecosystem support, could create conditions favorable for price appreciation.

Whether you are interested in traditional finance, digital assets, or even gold or silver, no investment is free from risk. 

So while this looks like a promising event on Planet Crypto, there could also be Aliens on a Deathstar with torpedoes looming. You still have to make good choices, okay, crypto kids? If it goes wrong, you will have to take a second job at McDonald’s, so let’s hope you look good in their branded visor.

Please remember past performance is not a reliable indicator of future results. Don’t invest unless you’re prepared to lose all the money you invest. Due to the nature, complexity and volatility of crypto, it may be perceived to be a high‑risk investment. There are no government or central bank guarantees in the event something goes wrong with your investment.

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