Evernorth Now Holds 388,710,606.03 XRP to Hit 95% of DAT Target

In the latest XRP news update, Evernorth Holdings Inc., the Ripple-backed crypto venture, is gaining attention for its accumulation strategy.

As of today, October 27, 2025, Evernorth has aggressively built its treasury to 388,710,606.03 XRP.

XRP News: Evernorth Bags 388,710,606.03 XRP Ahead of SPAC Merger

According to the onchain data analytics platform CryptoQuant, Evernorth currently holds 388,710,606.03 XRP. Evernorth now ranks among the top institutional XRP holders.

With these XRP holdings worth approximately $993.6 million, Evernorth has hit 95% of its $1 billion funding milestone.

Evernorth Holdings is a Nevada-based digital asset company launched in October 2025, specifically designed to accelerate institutional adoption of XRP.

The firm recently announced a business combination agreement with Armada Acquisition Corp, a special purpose acquisition company (SPAC).

The merger is expected to generate over $1 billion in gross proceeds, including PIPE funding from industry giants like Ripple and SBI Holdings.

Evernorth revealed net proceeds will primarily fund open-market XRP purchases, with the rest for operations and expenses.

The combined entity will trade on Nasdaq under the ticker “XRPN.” The deal is slated to close in Q1 2026, pending shareholder approval, regulatory nods, and Nasdaq listing requirements.

Evernorth’s model follows the Digital Asset Treasury (DAT) trend, where public companies hold crypto as a core reserve asset.

As disclosed by CryptoQuant, Evernorth has invested $947,183,571 into its treasury, nearing the $1 billion funding milestone.

The company has gained approximately $46 million in unrealized profits in just 4 days due to the recent XRP price rally.

The firm’s average purchase price sits around $2.44, a potential key level for Ripple’s future price action.

BlackSwan Capitalist Founder Gives Positive Update on XRP

In another XRP news, BlackSwan Capitalist Founder Versan Aljarrah argued that XRP was never designed to be cheap.

His argument stems from the intended role of XRP in handling massive financial flows, such as global debt, derivatives, and liquidity for cross-border transactions.

The founder explained that the XRP price must be high enough to handle the required liquidity without exhausting its supply.

This is to ensure that the altcoin effectively serves as a bridge asset for the financial markets.

A higher price means fewer tokens are needed per transaction, making the system scalable and efficient.

Aljarrah added that a high price is not speculation, but its function. According to him, the system cannot scale unless the XRP price rises.

For Aljarrah, a low XRP price is unsustainable for global-scale adoption, as it risks liquidity shortages and price volatility.

XRP Wykoff Re-accumulation

Meanwhile, market analyst Steph is Crypto on X, revealed that XRP has entered a bullish technical phase.

According to the XRP news, the analyst noted that the XRP price chart is forming a Wyckoff reaccumulation pattern. This is a classic setup for an upcoming upward breakout.

The analyst is bullish on XRP’s potential for explosive gains ahead. He shared a chart that showed XRP has formed key support between $2 and $2.2 and resistance at approximately $3.25–$3.4.

These levels define the consolidation zones where re-accumulation is said to occur. The chart also shows a prior rally peaking near $4 to $5, followed by a pullback into the current range.

For months, XRP has traded sideways between $0.20 and $0.30. As of this writing, the price is at $2.6, up 7.4% over the past 7 days.

A breakout above $3.25 on rising volume would confirm the re-accumulation pattern, launching the markup phase.

Adding to the bullish XRP news, XRP recently broke a 6-year downtrend against Bitcoin, a possible beginning of a broader market rotation.