Win Up to $500 in CRO With Prediction Trading  Crypto.com
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XRP took center stage as Ripple-backed Evernorth announced plans to raise over $1 billion to build an XRP treasury reserve, which sent the token to a high of $2.5536 on Monday, October 20. This could mark a turning point for XRP’s institutional narrative.
Evernorth Holdings Inc. announced a public launch and a business combination agreement with Amarda Acquisition Corp II (Nasdaq: AACI), a publicly traded special purpose acquisition company (SPAC). Following the transaction, the company will continue as Evernorth (Nasdaq ticker: XRPN).
According to the official press release, investors include SBI, Ripple, Rippleworks, Pantera Capital, Kraken, and GSR. Ripple co-founder Chris Larsen and other prominent fintech names and investors will also participate.
Crucially, Evernorth will use the net proceeds to purchase XRP, aiming to build the largest institutional XRP treasury reserve.
Evernorth CEO Asheesh Birla commented on the SPAC’s strategy, stating:
“Evernorth is built to provide investors more than just exposure to XRP’s price. As we capitalize on existing TradFi yield generation strategies and deploy into DeFi yield opportunities, we also contribute to the growth and maturity of that ecosystem.”
Birla added:
“This approach is designed to generate returns for shareholders while supporting XRP’s utility and adoption. It’s a symbiotic model: our strategy is designed to align with the growth of the XRP ecosystem.”
The deal is expected to close in the first quarter of 2026. In addition to building the largest institutional XRP treasury reserve, Evernorth also plans to drive XRP’s real-world utility, focusing on payments, capital markets, and tokenized assets.
PR Newswire summed it up:
“Evernorth’s strategy is designed not only to accumulate XRP as a reserve asset but also to act as a long-term catalyst for the adoption and institutionalization of the XRP Ledger.”
Former Ripple Chief Technical Officer David Schwartz commented:
“XRP Community – I promised I’d have an update on my next venture soon right? Well here’s the start: I’ll be a strategic advisor to Evernorth, helmed by my friend @ashgoblue. Evernorth was founded as a regulated, scalable investment vehicle to tap into opportunities for XRP in DeFi and capital markets, extending the entire XRP ecosystem. I’m excited to get started!”
Market reaction to the announced plan for a $1 billion XRP treasury reserve asset underscored the significant influence of institutional demand on price trends. Analysts remain optimistic that strong demand for XRP-spot ETFs could send the token to new highs.
Furthermore, the announcement is likely to instill institutional confidence in XRP, potentially setting the stage for an explosive XRP-spot ETF launch.
However, the US government shutdown continues to leave XRP-spot ETF launches on ice, leaving the token well below its record high of $3.66. Grayscale, 21Shares, and Bitwise had final decision deadlines of October 18, 19, and 20. Delays are also expected for Canary Capital, CoinShares, and WisdomTree, which have final decision deadlines this week.
Notably, uncertainty about the timelines for a spot ETF launch had contributed to XRP’s pullback from an October 2 high of $3.1027.
Market intelligence platform Santiment commented on XRP’s price recovery above $2.5, stating:
“Just 10 days after XRP dropped below $1.90, and 3 days after retracing to $2.20, XRP has crossed above $2.5. Data shows clear signs of the crowd selling at a loss and conveying FUD. Prices typically move opposite to retail’s expectations.”
XRP rallied 4.47% on Monday, October 20, following the previous day’s 1.21% gain, closing at $2.4978. The token outperformed the broader crypto market, which gained 1.62%. Despite the breakout, XRP continued trading below the 50-day and 200-day Exponential Moving Averages (EMAs), reaffirming a bearish bias.
Key technical levels to watch include:
In the coming sessions, several key drivers could influence near-term price trends:
Bearish Scenario: Risks Below $2.4
These bearish scenarios could push XRP back toward $2.4. A break below $2.4 may expose the $2.0 psychological support level.
Bullish Scenario: Path to $3
These bullish scenarios could send the token above $2.7, putting $3.0 into play. A break above $3.0 could pave the way toward $3.66.
XRP’s near-term price trajectory hinges on the launch of spot ETFs and flow trends. Given the ongoing US government shutdown, traders should closely monitor Capitol Hill for progress toward reopening.
XRP could target the $3.0 handle if the US Senate passes a stopgap funding bill. The combination of Fed rate cuts, spot ETF approvals, rising institutional demand, and bipartisan support for the Market Structure Bill could send the token to new highs.
Capitol Hill may now hold the key to XRP’s next breakout. Tuesday’s Senate vote on a stopgap funding bill could dictate whether the token reclaims $3 or retreats toward $2. A Senate vote fell short of the needed 60 for an eleventh time on Monday, October 20, extending the shutdown to 20 days.
Traders should closely monitor Capitol Hill and US-China trade headlines.
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.
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Ali Martinez, a well known crypto analyst, shared a chart on X highlighting an important development in the XRP market – large holders (wallets holding between 100,000 and 10 million XRP) have shown very little movement over the past two weeks.
In other words, XRP whales are staying neutral, neither accumulating nor off-loading substantial amounts, suggesting a wait-and-see attitude amid market uncertainty.
Related: Ripple Brings Institutional Crypto Custody To South…
Read The Full Article XRP Whales Ignore Buying Opportunities with Zero Major Movement in 14 Days On Coin Edition.
Read More
Ali Martinez, a well known crypto analyst, shared a chart on X highlighting an important development in the XRP market – large holders (wallets holding between 100,000 and 10 million XRP) have shown very little movement over the past two weeks.
In other words, XRP whales are staying neutral, neither accumulating nor off-loading substantial amounts, suggesting a wait-and-see attitude amid market uncertainty.
Related: Ripple Brings Institutional Crypto Custody To South…
Read The Full Article XRP Whales Ignore Buying Opportunities with Zero Major Movement in 14 Days On Coin Edition.
Read More

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The $20B Liquidation That Just Shattered Crypto’s Pumptober Dreams—And Why This Wasn’t Just Bad Luck  Yahoo Finance
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By Guest Author
Published: October 20, 2025|Last updated: October 20, 2025
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The crypto market is heating up as September rolls in, and XRP is once again drawing significant attention. Alongside it, a newer PayFi-focused project called Remittix (RTX) has also entered the spotlight. Some analysts view it as a potential emerging player in the cross-border payments space, though it remains in early development stages.
XRP’s price action has been closely watched, especially after analysts noted that its current structure resembles the 2017 breakout that sent it to an all-time high near $3.30. Crypto trader CRYPTOWZRD highlighted a pattern of accumulation and consolidation that could precede a sharp move — though historical patterns don’t guarantee future performance.
Market sentiment improved after the SEC and CFTC released a joint statement clarifying that exchanges can facilitate spot crypto products under existing laws. This has renewed speculation around a potential XRP ETF, which some analysts believe could attract institutional interest if approved.
As long as buying pressure persists, XRP could revisit the $3.30–$3.60 range. However, traders are also monitoring key support levels, with $2.77 serving as a critical threshold. A drop below that may lead to corrections toward $2.60 or $2.40. For now, sentiment remains cautiously optimistic, with a potential 20% upside if momentum holds.
Remittix has reportedly raised over $23.5 million, selling around 642 million tokens at $0.1030 each during its presale phase. The project has announced upcoming listings on centralized exchanges BitMart and LBank, as well as the Beta Wallet launch on September 15, 2025.
Remittix aims to create a PayFi ecosystem that focuses on faster, lower-cost cross-border payments using blockchain technology. According to its roadmap, the team is developing features intended to reduce gas fees and improve transaction efficiency. However, as the project is still in its early stages, investors should approach it with standard caution and due diligence.
XRP continues to hold a strong position among established crypto assets, with analysts watching for potential short-term movements. Meanwhile, Remittix represents a newer, more speculative entry in the PayFi niche. Whether it can sustain growth will depend on how effectively it delivers on its roadmap and adapts to evolving crypto regulations.
This article is sponsored content and was provided by a third-party. The views and opinions expressed in this article are those of the author. We encourage readers to do their own research before making any investment or trading decisions.
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Cryptocurrency exchange Gemini has released a credit card that enables users to earn Solana rewards on select purchases and automatically stake their Solana credit card rewards directly.

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Gemini said in a Monday (Oct. 20) blog post that that the new Solana edition of the Gemini Credit Card offers these benefits.
With this card, customers can earn up to 4% back on gas, electric vehicle charging, and rideshare; 3% back on dining; 2% back on groceries; and 1% back on other purchases, according to the post.
Customers can earn as much as 10% back on qualifying purchases at select merchants, the post said.
In addition, Gemini customers can automatically stake their Solana credit card rewards directly, earning a reward by locking up their cryptocurrency to participate in validating transactions and maintaining the Solana network’s security, per the post.
“Launching a Solana edition of the Gemini Credit Card was a logical choice given Solana’s momentum and its robust and active community it built as one of the top ecosystems for new developers,” Gemini said in the post. “Solana’s rewards performance has been one of the highest among available cryptocurrencies on Gemini.”
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Gemini announced its plans to offer a cryptocurrency rewards credit card in January 2021 after acquiring Blockrize, which was developing such a card.
Tyler Winklevoss, CEO of Gemini, said at the time that the card would offer consumers an easy way to invest in cryptocurrencies.
“Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases,” Winklevoss said.
In August, Gemini and blockchain company Ripple collaborated to release an XRP Edition of the Gemini Credit Card.
This edition of the card offers crypto rewards in the form of XRP, which is the digital currency built into the XRP Ledger (XRPL), and is issued by WebBank on the Mastercard network.
Winklevoss said in an Aug. 25 blog post: “By introducing a special XRP edition of the Gemini Credit Card, we’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement.”
Ripple CEO Brad Garlinghouse said in that same post as saying that the card would make crypto “simple and approachable for everyone.”
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The companies have funded tens of billions of US dollars purchases of their target tokens and enjoyed hefty premiums when investors were bullish on the market
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[NEW YORK] A company whose primary purpose is to hold the cryptocurrency tied to the Ripple payment network, XRP, is set to go public via a blank-check company.
Called Evernorth, the new venture joins an explosion of digital asset treasury companies, or DATs, raising funds through a special purpose acquisition company or Spac. The publicly listed entities draw investors that want to gain exposure to tokens without directly holding them.
The deal is expected to raised more than US$1 billion in proceeds, according to a statement on Monday (Oct 20). The Japanese financial services conglomerate SBI Holdings is contributing US$200 million while Ripple Labs is making an unspecified investment. Ripple led the fundraising effort, Bloomberg News reported on Thursday.
The deal is the latest amid a boom in crypto treasury companies with hundreds of entities following in the footsteps of Michael Saylor’s Strategy, the largest corporate holder of Bitcoin with about US$70 billion in the token.
The companies have funded tens of billions of US dollars purchases of their target tokens and enjoyed hefty premiums when investors were bullish on the market. However, those premiums have come down and share prices slumped amid the plunge in digital assets earlier in October with around US$19 billion in liquidations of bets on crypto.
Evernorth plans to merge with Armada Acquisition Corp II and the resulting firm is expected to trade on Nasdaq under the ticker “XRPN”. Other investors include Pantera Capital, Kraken and GSR. The combined company is still subject to the satisfaction of listing requirements before being traded on the exchange, according on Monday’s statement.
SEE ALSO
Asheesh Birla, who previously served as a senior executive at Ripple, is the chief executive of Evernorth while Ripple remains a strategic investor.
The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close in the first quarter of 2026, according to the statement. BLOOMBERG
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The flagship season of The Gist is hosted by Latasha Ngwube. Latasha, is a seasoned host, renowned journalist, and creative director of About That Curvy Life.
The web series features ten women who talk to the host Latasha about all things; from managing your finances during an economic meltdown to finding and owning your voice to post-partum weight and hair loss, switching your careers and building and managing a business in Nigeria.
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A few of the guests this season include, Author and financial tips expert, Arese Ugwu, weight loss expert Bunmi George of Shredder gang, Big brother Nigeria Alumni’s – Bambam and Lucy Edet, writer and co-host of ‘I Said What I Said podcast’ – Jola Ayeye, Trichologist and founder of Tresses Salon – Kanyinsola Vera Cruz, Yoga instructor and founder of The Yoga Club Lagos – Sandra Patrick, and Bolanle Olukanni, actress, TV and event host and Co-founder of My Wash N Go.
In the very first episode, Latasha sits with the Smart Money woman herself, Arese Ugwu. Arese shares practical tips to help you manage your money during an economic meltdown. 
Link to episode below.
New episodes premiere every Wednesday on Mega Growth’s Instagram page.
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DURHAM, N.C. — Kenneth Nicholson is very involved in the cryptocurrency world. He even has a YouTube channel breaking down ways to invest.
"I started to create videos about cryptocurrency and launch my own exchange on cryptocurrency," the Durham, North Carolina, resident said.
Nicholson says it's not unusual for him to be contacted by people wanting to discuss cryptocurrency. The original contact, he says, came through a DM on social media, and their conversations continued for several days. He adds, "They lured me in through a few days of conversation and detailed questions." After many messages back and forth, Nicholson says, "They just wanted a meeting to discuss this tech. So, it was just a meeting."
Minutes before that meeting, Nicholson got a message saying there were technical problems with the meeting platform they were using. "The gentleman sent me a link to download this software and I clicked on it and it then opened I have a mac and then opened in my terminal and asked me for my password," Nicholson adds. He put in his password and then, "The hairs on my neck started to raise. I opened up the script and I saw that there was a lot of funky characters in there."
Immediately, Nicholson turned off his Wi-Fi, disconnected everything from his computer, and went for a walk – thinking the scammers didn't get access to anything. But when he logged on to double-check, he says, "I've been signed out of all my accounts, and my money was drained."
His crypto account which had $80,000 was emptied. "It's one of the risks that I guess you're willing to take this one hit a bit harder because I've never really been scammed like this a targeted scam," Nicholson said.
His advice to others to prevent getting scammed like he did: slow down when responding to messages. "A lot of times we make mistakes when we run more rushing. I know it's hard in this day and age when so much is happening but go a little bit slower and just cross your t's and . your I's," Nicholson added.
This is also a good reminder to never click on links from people you don't know. After he was scammed, Nicholson took a closer look at the link he was sent and instead of the legitimate meeting website, it had extra letters, using .co instead of .com.
Finally, think twice before downloading anything to your computer. While it may seem harmless, in this case it was software that gave the scammers access to all of Nicholson's accounts once he entered his password.

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