Evernorth Holdings, backed by Ripple and others, has revised its Nasdaq listing terms due to XRP's price falling to around $1, below the originally assumed $2.36. Instead of a fixed valuation, the deal now ties the number of shares to XRP's average price at closing, resulting in fewer shares issued but each backed by more XRP tokens. This adjustment protects investors from overpaying and keeps share prices aligned with the net asset value of the XRP reserve, which currently holds about 473 million XRP tokens valued at roughly $473 million. The deal is expected to close in late Q3 or early Q4 2026 after SEC review, maintaining Evernorth's strategy to build the largest public XRP reserve and attract institutional capital.
XRP surged 8.7% to $1.49, approaching a critical resistance zone between $1.49 and $1.54. If it breaks and holds above this level, analysts expect a rally toward $1.64 and potentially $2. However, failure to sustain above this zone could trigger a sh...
Ripple has partnered with Absa Corporate and Investment Banking (CIB) to launch Absa Digital Asset Custody, expanding Ripple's custodial services into Africa. This new platform will provide institutions with a secure, regulated environment to safegua...
XRP's price surged to $1.48 following a $2.2 billion institutional buy-up that reversed its medium-term downtrend. The token recovered from a local low of $1.29 as large holders stepped in, supported by positive legal clarity and strong buying intere...
XRP surged 5.62% to $1.4895, breaking above a descending trendline that capped rallies since August, supported by a strong $1.00 floor and reclaiming its 200-day EMA. This move coincided with Bitcoin's rise past $84,000, reflecting a broad market ral...
Large holders of XRP have bought about 1.54 billion XRP worth $2.2 billion in just four days, pushing their total holdings to nearly 9.81 billion XRP. This buying coincides with XRP testing a critical resistance zone around $1.50, a level it has stru...
