[LIVE] XRP Price Tracker, October 21: Live News and Price Updates for Ripple’s XRP As $1B Evernorth Raise Sparks Excitement
XRP is trading at $2.48 as of October 21, 2025, gaining 4.15% in the past 24 hours as the cryptocurrency recovers from recent volatility while the market digests a landmark institutional development.
On October 20, Ripple-backed Evernorth Holdings announced a business combination with SPAC Armada Acquisition Corp II to create the world’s first publicly traded XRP treasury company, raising over $1 billion and positioning to trade on Nasdaq under ticker symbol “XRPN” in Q1 2026.
This represents a watershed moment for XRP—similar to MicroStrategy’s Bitcoin treasury strategy—as major institutional investors, including SBI Holdings ($200 million), Pantera Capital, Kraken, and Ripple co-founder Chris Larsen ($120 million in XRP), commit capital to accumulate XRP through open-market purchases, creating sustained institutional buying pressure that could significantly impact supply dynamics.
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