TLDR
- XRP trades at $2.46 with $5.26 billion in 24-hour volume as institutional buyers accumulate below $2.50
- Wallets holding 10,000+ XRP hit record 317,500, growing 1.8% monthly showing long-term holder confidence
- Ripple’s Evernorth platform plans $1B+ SPAC merger to build institutional XRP treasury for Wall Street access
- Major backers include SBI Holdings, Pantera Capital, Kraken, GSR with Ripple co-founder Chris Larsen contributing 50M XRP
- Analysts target $2.80 breakout level with stop losses positioned around $1.50 for downside protection
XRP is currently trading at $2.46 with $5.26 billion in daily volume. The token holds a market cap of $144.33 billion with 3.91% market dominance.
The price has gained 1.66% over the past 24 hours. Institutional investors continue building positions during consolidation periods.
Market analyst CryptoPulse identified entry points below $2.50 for accumulation. Strategic stop losses are placed around $1.50 to manage downside risk.
Price targets point toward $2.80 in the short term. Long-term projections suggest potential movement above $10 during this cycle.
Whale Accumulation Reaches New Heights
On-chain analytics firm Santiment reports growing whale activity. Wallets containing over 10,000 XRP reached an all-time high of 317,500 addresses.
This marks a 1.8% increase over the past month alone. The accumulation pattern has persisted throughout 2025.
Large holders view current price levels as buying opportunities. The expanding whale base provides support during market volatility.
Mid-to-large holders demonstrate confidence in future appreciation. These investors build positions ahead of anticipated rallies.
Ripple’s Evernorth Project Targets Institutions
Analyst Stern Drew highlighted Ripple’s Evernorth Project as a game-changing development. The platform plans to raise over $1 billion through public markets.
Evernorth will go public via SPAC merger with Armada Acquisition Corp II. The goal is creating the world’s largest institutional XRP treasury.
The regulated platform allows corporations and funds to access XRP compliantly. It eliminates barriers preventing traditional finance participation.
Backing comes from SBI Holdings, Pantera Capital, Kraken, and GSR. Ripple provides direct support for the initiative.
Chris Larsen, Ripple’s co-founder, is contributing 50 million XRP. David Schwartz, XRP Ledger’s chief architect, serves as strategic advisor.
Connecting Traditional Banking With Crypto
Evernorth pools institutional capital in a transparent structure. The platform integrates with traditional banking systems including SWIFT and Fedwire.
Payment system connections include PSD2 APIs and GTreasury. These integrations bridge legacy finance with blockchain technology.
The SPAC merger provides institutional investors with regulated XRP exposure. Wall Street can access crypto markets through a publicly traded company.
This structure removes compliance concerns for traditional investors. It opens new channels for institutional capital flow.
XRP maintains support above $2.40 during current consolidation. Analysts consider holding above $2.30 essential for reaching $2.80.
Whale accumulation combined with institutional infrastructure supports bullish outlook. Trading metrics show sustained market interest.
The Evernorth public listing could accelerate institutional adoption. Major financial players gain compliant access to XRP holdings.
Current price action reflects accumulation before the next rally phase. Volume and holder data indicate growing market strength.
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