Topic
Cryptocurrency native to the XRP Ledger, capped at 100 billion tokens and closely tied to Ripple, used for cross-border payments and settlement.
XRP trades near $1.33, 62.5% below its January 2018 peak of $3.55, while bitcoin and ether stay far above their 2017 highs. Supply growth of 63% explains a drop to about $2.18, so demand-side factors have to account for the remaining fall.
Reality
XRP whales deposited 1.669 billion tokens on Binance over 30 days, the highest reading in seven months, according to CryptoQuant data. At $1.33 a token that is about $2.22 billion, against $1.8 billion of net US spot ETF inflows over 13 weeks.
Reality
Evernorth, listed on Nasdaq as XRPN, held about 473 million XRP and raised about $300 million in cash when its Armada merger closed. The Q4 deployment is the first test of whether the treasury earns anything beyond price exposure.
Reality
Evernorth has put former Coinbase Asset Management co-CIO Hugo Jeandesboz in charge of the roughly 473 million XRP it held at closing. The stated goal is more XRP per share, a ratio that moves with the share count as well as the token count.
Reality
Evernorth named Coinbase veteran Hugo Jeandesboz chief investment officer as XRPN began trading on Nasdaq with about 473 million XRP. His mandate is yield on a stack Cointelegraph prices at $657 million and Cryptobriefing at $672 million.
Perspective Coverage
3 publishersReality
Teucrium's 2x inverse XRP fund is now due to go effective on October 11, 2026, 628 days after its initial registration, and the leveraged long version it mirrors has been trading since April 2025. No reason for the holdup has been stated.
Reality