The newly launched digital asset agency Evernorth Holdings Inc. has formally introduced that it’s planning to go public. The Nevada-based digital asset agency launched an official press launch explaining the corporate’s plans to go public by means of a particular goal acquisition firm (SPAC) merger with Armada Acquisition Corp II, which is able to allow XRP adoption on an institutional scale. As soon as the mixture settlement with Armada Acquisition Corp II and Evernorth is completed, the mixed agency will function underneath the Evernorth title, and it’s anticipated to commerce on Nasdaq underneath the XRPN ticker image. 

Evernorth to Increase Over $1 Billion for Institutional XRP Adoption

The deal between the 2 events is predicted to lift over $1 billion in gross proceeds, together with a $200 million dedication from SBI. The official press launch confirms that Evernorth plans to make use of most internet proceeds to buy $XRP and goals to construct an institutional treasury.

Evernorth not solely goals to build up XRP as a reserve, nevertheless it additionally goals to gas XRP’s adoption and institutionalization. The official press launch concluded that Evernorth’s technique is designed not solely to build up XRP as a reserve asset but in addition to behave as a long-term catalyst for the adoption and institutionalization of the XRP Ledger.

CEO Asheesh Birla on Evernorth’s Imaginative and prescient for XRP

Evernorth CEO Asheesh Birla commented that Evernorth is constructed to offer buyers extra than simply publicity to XRP’s value. He said that as they capitalize on current commerce yield technology methods and deploy them into DeFi yield alternatives, in addition they contribute to the expansion and maturity of that ecosystem.

I’m proud to share that we’ve launched @evernorthxrp, a first-of-its-kind institutional automobile constructed to speed up XRP adoption. With over a decade of uptime and a quickly rising DeFi ecosystem, XRP is well-positioned for adoption — and Evernorth is constructed to satisfy that second.… pic.twitter.com/2YGgQsNWCd

— Asheesh Birla | CEO at Evernorth (@ashgoblue) October 20, 2025

He added that this strategy is designed to generate returns for shareholders whereas supporting XRP’s utility and adoption, describing it as a symbiotic mannequin the place their technique is designed to align with the expansion of the XRP ecosystem.

Evernorth Treasury Reserve Plans Increase XRP and Push it Above $2.50

XRP is at the moment hovering round $2.43 – $2.50, and Evernorth Holdings’s (Ripple-backed agency) $1 billion plan to construct the world’s largest institutional XRP Treasury Reserve boosted XRP value and even pushed the XRP Ledger’s native cryptocurrency into the $2.50 value level.

The announcement from Evernorth Holdings created sufficient traction within the XRP market efficiency. XRP managed to succeed in $2.40 at the moment, and it’s at the moment 1.2% down (on the time of writing) in comparison with yesterday’s value motion.

Supply: Tradingview

The announcement has attracted institutional buyers and made merchants positively react to the large-scale XRP accumulation, which finally helps incite the XRP spot ETF approvals. 

Market Impression and Analyst Predictions

The introduction of a regulated institutional XRP reserve will assist enhance XRP’s place as a “digital treasury asset”. Crypto analysts opine that if Evernorth’s newest Treasury grows towards $10 billion, XRP’s value might attain an unprecedented $45- $50. The announcement from Evernorth drove XRP’s value 2.4% and urged some main corporations to shift their consideration to XRP.

The October 20 announcement has managed to assist XRP rise 6% in 24 hours and hit the $2.50 resistance, and stayed regular between the $2.46–$2.55 interval. The specialists determine $2.40-$2.50 as the important thing help degree, whereas $2.80-$3.00 acts because the resistance degree.

Rising Institutional Curiosity in XRP

The most recent market info means that Firepower has reportedly held an preliminary $100 million in XRP as a part of Thor’s digital asset technique. Nature’s Miracle Holding Inc. beforehand introduced XRP accumulation value $20 million, and Hyperscale Information additionally accomplished their offers to take a position $10 million value of XRP in 2025.

The current development reveals enhanced affinity in direction of XRP as extra establishments and corporations orchestrate plans revolving round XRP. Crypto analysts discover that XRP will outpace the vast majority of cryptocurrencies sooner or later, and the event of the Evernoth mission will play a key function.

Brad Garlinghouse, CEO of Ripple, concluded that :

” Ripple has lengthy championed XRP for its utility as a worldwide asset for the environment friendly settlement of funds around the globe. “

He said that Evernorth is deeply aligned with that mission, bringing extra use circumstances, participation, and confidence to the XRP ecosystem. He expressed his full confidence in Sheesh and the staff’s means to take XRP’s presence in capital markets to the following degree with Evernorth, having labored alongside Sheesh for a few years. 

Additionally Learn: XRP Worth Prediction: How Excessive Can XRP Go in 2025?