Ripple-backed Evernorth has expanded its XRP holdings to over $1 billion, positioning itself as a major player in the cryptocurrency market. This comes just days after the firm announced a special-purpose acquisition company (SPAC) merger to raise capital for further institutional XRP accumulation. With backing from Ripple and key investors like Chris Larsen, Evernorth aims to become the largest publicly traded XRP treasury. As the price of XRP surges, Evernorth’s move is gaining attention.
Evernorth, a Ripple-backed digital asset treasury firm, has recently boosted its XRP holdings to over $1 billion. On-chain data indicates that the company received significant XRP transfers from Ripple and key investors like Uphold, Coinbase, and Gemini.
The largest transfer, totaling 338 million XRP, was from Ripple itself. The expansion of Evernorth’s treasury comes in the wake of a SPAC merger announcement, aimed at raising over $1 billion to accumulate XRP for institutional investment.
Former Ripple executive Asheesh Birla leads Evernorth’s strategy, which involves growing the firm’s holdings in XRP to dominate the market. Evernorth’s strategic position has drawn significant interest, especially after the firm’s merger plans were revealed.
By accumulating XRP at such a scale, Evernorth plans to further secure its position as a key player in the cryptocurrency landscape. The firm’s acquisition strategy reflects growing institutional support for XRP, despite ongoing regulatory scrutiny of the cryptocurrency market.
Chris Larsen, co-founder of Ripple, continues to play an integral role in Evernorth’s XRP accumulation. Last week, Larsen confirmed a transfer of 50 million XRP from his personal wallet to Evernorth as part of the firm’s treasury deal.
This move marks a significant addition to Evernorth’s holdings, further expanding its balance sheet. As of 2025, Larsen’s realized profits from XRP investments have soared to over $750 million, a sharp increase from his previous holdings in 2018, which were valued below $200 million.
Larsen’s involvement is not just a sign of personal profit, but also a reflection of Evernorth’s commitment to XRP’s long-term value. His move to channel XRP into Evernorth emphasizes confidence in the asset’s future. As one of the primary investors, Larsen is pushing forward Evernorth’s vision to create the largest publicly traded XRP treasury on the market.
Evernorth recently announced its plans to go public on the Nasdaq through a merger with Armada Acquisition Corp II, a special-purpose acquisition company (SPAC). The firm intends to raise over $1 billion in capital, with a portion of the funds expected to come from key investors such as Ripple, Rippleworks, Pantera Capital, Kraken, and GSR. The merger is expected to be finalized by the first quarter of 2026, with the ticker symbol “XRPN” representing Evernorth on the stock exchange.
The listing marks a significant milestone for the company as it seeks to solidify its position in the growing digital asset market. If the merger is completed successfully, Evernorth could become the largest publicly traded XRP treasury. The firm’s plans reflect the growing institutional interest in cryptocurrencies, particularly XRP, and its commitment to expanding the liquidity and utility of the digital asset.
XRP has recently experienced a significant price rebound, increasing by more than 10% within a week. The price of XRP is currently trading at around $2.66, showing a steady increase in market value. Over the past 24 hours, XRP’s price rose by 2%, with a notable surge in trading volume, which increased by 17%. This uptick in price coincides with Evernorth’s growing XRP holdings and institutional interest in the digital asset.
The rise in XRP’s price is also reflected in the futures market, with open interest increasing across multiple exchanges. According to CoinGlass data, XRP futures open interest on platforms like CME and Binance has surged, indicating more traders are entering the market. This uptick in market activity is viewed as a positive sign for Evernorth and other entities accumulating XRP.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
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Sikkim State Lottery Results Today – 27th October, 2025 – Sikkim Lottery Sambad Result Live Update  The Sentinel – of this Land, for its People
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XRP is showing renewed bullish signs as it attempts to reclaim higher ground after rebounding from its October 11 low near $1.58. The token has gradually climbed within an emerging uptrend, with buyers strengthening their position across key technical zones. This recovery comes amid improving market sentiment, signaling growing interest from traders expecting a broader move toward the $3 region.
The 4-hour chart reveals XRP’s steady recovery supported by rising moving averages. The 20-EMA has crossed above the 50-EMA, indicating momentum is building in favor of bulls. 
Price action remains near the 200-EMA around $2.63, a crucial level to confirm trend continuation. If XRP sustains closes above this level, a clear reversal could unfold, pointing to medium-term strength.
Key Fibonacci retracement zones between $2.16 and $2.78 are shaping the next direction. The 0.618 Fib level near $2.52 has turned into short-term support, while $2.78 now acts as immediate resistance. A move above this barrier may extend the rally toward $3.00 and $3.10. Conversely, failure to hold $2.52 could trigger a pullback toward $2.34 or even $2.16.
Related: Ethereum Price Prediction: Derivatives Spike 69% as ETH Coils Below Breakout Trigger
Open interest in XRP derivatives has climbed sharply, reflecting growing speculative participation. After months below $2 billion, it surged past $4.4 billion by late October 2025 as prices approached $2.65. 
This increase suggests traders are positioning for volatility, aligning with the renewed optimism seen across the broader crypto market. However, sharp expansions in open interest often precede profit-taking phases, requiring traders to stay cautious.
Moreover, this sustained buildup underscores stronger liquidity and confidence in XRP’s ongoing recovery. The data indicates that leveraged traders are re-engaging after a prolonged period of low activity earlier in the year.
Exchange inflow and outflow patterns show that outflows have dominated most of 2025, suggesting continued selling pressure. Still, the recent $21.7 million net outflow recorded on October 27 indicates profit-taking rather than panic exits. This behavior points to strategic accumulation as traders lock in gains and await new entry points.
Related: Bitcoin Price Prediction: BTC Bulls Regain Control Despite Mt. Gox Repayment Delay
Key levels remain clearly defined heading into November as XRP attempts to regain its bullish footing after rebounding from the $1.58 low. The token trades within a mid-term ascending channel, reflecting gradual recovery and growing market participation.
The technical structure suggests XRP is consolidating below the $2.78–$2.80 resistance cluster, forming a base for its next move. Historical trading behavior around these levels shows accumulation phases often precede strong breakouts. Hence, sustained closes above $2.63 could trigger a volatility expansion similar to past rallies.
XRP’s short-term trajectory depends on whether buyers can defend the $2.52–$2.57 support zone long enough to challenge $2.78 resistance. A successful breakout could open a path toward $3.00 and beyond, confirming bullish control. However, failure to maintain support risks a retracement to $2.34 or even $2.16.
Additionally, derivatives data indicates growing speculative demand, with open interest surpassing $4.4 billion in late October. This rise reflects renewed optimism but also implies possible short-term volatility if sentiment turns. Spot inflows and outflows remain balanced, signaling cautious accumulation rather than aggressive profit-taking.
For now, XRP stays in a pivotal zone. Momentum indicators favor continuation if the 200-EMA flips into support. Traders remain watchful for a decisive close above $2.78, which could reignite medium-term bullish momentum toward the $3.10 target.
Related: Solana Price Prediction: $66M Outflows Hit as Derivatives Surge Ahead Of $225 Target

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12 Best Crypto Presales to Invest in 2025  99Bitcoins
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The S2F model overlooks crucial demand factors, thus caution is advised when using it to predict the price of the leading cryptocurrency, stated Bitwise’s senior analyst, Andre Dragosch.
🔴 #3 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗠𝗼𝗱𝗲𝗹 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗦𝗲𝗿𝗶𝗲𝘀 – 𝗦𝘁𝗼𝗰𝗸-𝘁𝗼-𝗙𝗹𝗼𝘄 𝗠𝗼𝗱𝗲𝗹
This is my third post in the series on #Bitcoin price prediction models.
As promised, I’ll continue to show different #Bitcoin model forecasts over the coming weeks — each with… https://t.co/bo0xRUz15k pic.twitter.com/80hP9Fn4Bc
— André Dragosch, PhD⚡ (@Andre_Dragosch) October 26, 2025

According to him, S2F relies solely on Bitcoin halvings, ignoring the dynamics of interest in digital gold.
“Today, institutional demand through ETPs for Bitcoin and treasury holdings exceeds the annual supply reduction from the last halving by more than seven times,” he noted.
Dragosch emphasized that exchange-traded funds and other investment instruments have established a price floor for the leading cryptocurrency, maintaining its rate above $100,000. This has fundamentally altered the market structure compared to previous cycles, which were dependent on retail investors, the analyst added.
According to S2F, Bitcoin’s price could reach $222,000 in the current cycle. At the time of writing, digital gold is trading around $115,000.
The all-time high for the leading cryptocurrency was recorded on October 6 at $126,080, according to CoinGecko.
Previously, the creator of S2F, known by the pseudonym PlanB, stated that Bitcoin’s bull phase is not yet over. He claimed that fundamental indicators point to continued growth.
In September 2024, the expert predicted a rally of digital gold to $1 million by the end of 2025.
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Watching Pi Coin price this week has been a rollercoaster. The excitement kicked off with an unexpected surge, pushing Pi up over 26% in a single day. This wild action has caught the attention of traders, but what reinforces the optimism is not just the price. It’s the story behind the numbers.
Successively, a technical breakout, millions of tokens moving off exchanges, and a wave of new KYC approvals have converged. Thereby, creating a near-perfect storm that reignited bullish sentiment in a market that had otherwise looked stagnant. Investors are now buzzing about whether Pi can sustain its run or if this is just a temporary spike.
Pi Price Analysis
As of today, Pi Coin price finds itself dancing around $0.2610, up a blistering 26.45% on the day and 26.26% over the week. What strikes me is the surge in trading volume, $108.27 million in just 24 hours, marking a massive 774% jump. 
A closer inspection of the 4-hour chart reveals why traders got excited. First, Pi network price broke past both its 7-day SMA at $0.207 and the 30-day SMA at $0.23. Notably, a hidden bullish divergence showed up on the RSI, when it ticked higher from 40 to 46 even as the price dipped earlier this week. This tells us that buyers were keeping an eye out for a move.

The MACD histogram flipping positive (+0.00496) confirmed growing bullish momentum. This lined up perfectly with the 20 EMA crossing above the 50 EMA on the 4-hour chart. Consequently, the so-called golden cross usually unleashes a wave of buy pressure, and this time was no exception. However, resistance at $0.28 stands out as a pivotal level. A close above it could quickly attract breakout traders eyeing the next target at $0.36. Contrarily, a failure here or a drop below $0.20 could encourage profit-takers and risk a swift 20% correction.
Overall, Pi Coin is at a crossroads. If the price secures a daily close above $0.28, it could unlock fresh upside as confidence snowballs. But if resistance holds, expect short-term volatility and heightened risk of a retrace.
FAQs
The jump was sparked by bullish trading signals, a big drop in exchange supply, and a sharp rise in KYC-verified users, all fueling optimism and rapid buying.
If Pi closes above the $0.28 resistance, momentum could quickly carry it to the $0.36 target, supported by strong trading volume and positive technicals.
The biggest risk is failing to break the $0.28 resistance. A reversal below $0.20 might lead to a 20% correction as recent buyers cash out.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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1. Republicans grapple with voter frustration over rising health care premiums  AP News
2. ObamaCare sticker shock begins as open enrollment meets shutdown deadlock  The Hill
3. Obamacare enrollees: Worried about losing the enhanced subsidies? Share your story  CNN
4. 80,000 Coloradans projected to drop health insurance amid premium spike  KUSA.com
5. In Florida, Obamacare Price Hikes Pose an Outsized Threat  The New York Times

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NCAAF
College
Football Week 9
Arizona State coach Kenny Dillingham has already taken his alma mater to the College Football Playoff and seems like the anti-Brian Kelly. Could a job the caliber of LSU's tempt him? Chris Coduto / Getty Images
The Athletic has live updates on Brian Kelly’s firing at LSU.
After a disappointing 3 1/2 seasons, Brian Kelly is out at LSU, making an already hefty coaching carousel even more crammed. Before Kelly fizzled out in Baton Rouge, the previous three Tigers head coaches all won national titles there. It’s arguably an even bigger job than the Penn State and Florida vacancies, and the expectations are even loftier. LSU fired Ed Orgeron less than two years after he led the Tigers to a national title.
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There aren’t expected to be a lot of big-name candidates available, especially ones who have won big in the SEC. Here’s a look at who could be a candidate to replace Kelly.
Kiffin fits both categories, and he seemed to relish taking digs at Kelly whenever possible. Whether he is ready to leave Oxford, where his extended family has settled in nicely, is another matter. The 50-year-old has done an excellent job and has the No. 7 Rebels in prime position to get into the College Football Playoff for the first time. His Rebels have finished in the top 11 in three of the past four seasons and are on track to make it four times in five years. They’re 7-1 with their lone loss at Georgia. They responded by winning Saturday at No. 13 Oklahoma. Timing could be tricky with a potential extended Playoff run in play. Even trickier: Kiffin is expected to be one of the top targets for the UF vacancy in a state where he’s had a lot of success, winning two conference titles at Florida Atlantic.
Drinkwitz is also expected to be in play. He’s proven to be a very good coach who can handle the spotlight. The 42-year-old Arkansas native has been terrific in six years at Missouri, going 27-7 over the past three seasons, which is very impressive when you consider that the Tigers have had only four top-15 seasons in almost 50 years. He’s also an excellent offensive coach at a program that has sputtered offensively this season. The No. 19 Tigers are 6-2 but are now down to their third-string QB.
Dillingham has wowed a lot of folks inside college football over the past year. The 35-year-old took a woeful Arizona State program and, by Year 2, got the Sun Devils into the Playoff and then almost knocked off Texas. They finished No. 7 in the nation, going 11-3. Not bad for a team that was picked to finish last in the Big 12. ASU is off to a 5-3 start this season. Dillingham is one of the more dynamic head coaches in the FBS. He’s energetic and creative, and it feels like he’s the anti-Brian Kelly. But he is coaching at his alma mater. Whether he’d leave that just as he’s got things rolling might not be a given, even for a job as big as LSU. Like Drinkwitz, Dillingham is one of the few coaches on this list who realistically isn’t expected to have the timing of the Playoff to navigate if the search heats up.
 
Lea is also working wonders at his alma mater. The 43-year-old from Nashville just beat LSU a few weeks ago and followed that up by beating Drinkwitz’s No. 15 Mizzou team Saturday to move to 7-1 and No. 9 in the rankings. Lea worked under Kelly at Notre Dame as the Irish defensive coordinator for three seasons. He’s smart and likely will get a lot of interest from some of these big vacancies this cycle. Timing, though, could be challenging for him as well since Vanderbilt has legitimate Playoff hopes.
Sumrall is a former SEC linebacker who has coached at Kentucky and Ole Miss. People inside the sport felt the Alabama native was destined to be an excellent college head coach, and he’s wasted little time proving them right, first at Troy and now at Tulane, where he has the Green Wave in the running for a CFP spot. The 43-year-old is 38-10 as a head coach. Whether LSU brass would be comfortable hiring the coach from Tulane isn’t a given, but don’t be surprised if the Auburn job opens and that administration happily gives him the keys to its program.
Spot the pattern. Connect the terms
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Play today's puzzle
Bruce Feldman is the National College Football Insider for The Athletic. One of the sport’s leading voices, he also is a sideline reporter for FOX College Football. Bruce has covered college football nationally for more than 20 years and is the author of numerous books on the topic, including “Swing Your Sword: Leading The Charge in Football and Life” with Mike Leach and most recently “The QB: The Making of Modern Quarterbacks.” Follow Bruce on Twitter @BruceFeldmanCFB

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Bitcoin rebounded over the weekend, reclaiming the $115,000 level amid optimism about easing U.S.-China trade tensions ahead of Thursday’s meeting between president Trump and China’s president Xi.
Softer inflation data also boosted expectations of a Fed rate cut, lifting risk appetite across markets.
Despite the sharp price surge, spot ETFs showed muted activity.
Bitcoin ETFs recorded a modest $90.6 million in net inflows, while Ethereum ETFs saw $93.7 million in net outflows on Oct.24.
Total crypto liquidations reached $468.2 million, affecting 121,312 traders, as the CMC Crypto Fear & Greed Index climbed back to "Neutral" (42).
Is Profit-Taking Pressure Building?
Crypto chart analyst Ali Martinez warns that Bitcoin could soon face profit-taking as the TD Sequential indicator flashes a potential sell signal.
Ted Pillows highlighted that Bitcoin has reclaimed the $114,000 support level, noting that a breakout above $118,000 could pave the way for a new all-time high within the next one to two weeks.
CJ remains confident Ethereum will reach new highs this cycle but cautions about a possible false breakout above the local range, which could trigger a rejection back inside it, a scenario less likely if the price closes above $4,525 on the daily chart.
Crypto Rand observes Solana breaking through its local downtrend resistance, emphasizing that consolidation at current levels is crucial, with attention on the key trigger zone around $220.
The meme coin market cap rose 2.4% in the past 24 hours to $65.3 billion, moving in line with the broader crypto market.
Chart analyst Martinez identified $0.18 as the key support level for Dogecoin. If bulls manage to defend it, the next potential targets lie at $0.25 and $0.33.
Read Next:
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XRP Price Prediction: Government Shutdown Delays Ripple ETF Decisions, But Osprey Accumulates – Is XRP Going to Hit $3 This Week?  Cryptonews
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