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Top Dev Says Big XRP News Might Come Once Government Reopens

Abdulkarim Abdulwahab
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Top Dev Says Big XRP News Might Come Once Government Reopens

Pro-XRP software engineer Vincent Van Code has sparked renewed optimism across the XRP community.

In a tweet, he hinted at major developments on the horizon for XRP. “We might see some big announcements in favor of XRP,” he wrote. Van Code stated that these bullish announcements could arrive as soon as the U.S. government reopens.

Notably, his post comes as the U.S. government approaches the end of its temporary shutdown. The present situation has slowed regulatory progress, particularly surrounding the long-awaited XRP exchange-traded fund (ETF) approvals.

Many in the community now see the reopening as the moment when long-delayed XRP-related announcements could finally be revealed.

XRP ETF Decisions May Resume After Shutdown

Over the past month, several major asset managers, Grayscale, Bitwise, and Franklin Templeton, submitted final S-1 amendments for their spot XRP ETFs.

As of the latest update, ticker symbols such as GXRP and XRPZ have been registered. This indicates that these products are nearly ready for launch once the U.S. SEC resumes full operations.

However, as Van Code previously noted, no ETF approval can occur during the government shutdown. He estimated that even after reopening, it could take another four weeks for official decisions, potentially setting up a late November or early December timeline.

Analysts Expect “Very Big News” for XRP

Van Code’s renewed optimism echoes earlier predictions from analysts who believe XRP is nearing a major turning point. In September, Cryptoinsightuk said the asset was “very close to a major development.”

He cited potential catalysts such as U.S. approval of a spot XRP ETF and progress on the Clarity Act, a bill aimed at defining digital asset regulations.

He also referenced the possibility of U.S. government involvement with Ripple, either through partnerships or by utilizing Ripple’s escrowed XRP for financial infrastructure.

This theory has circulated since President Donald Trump’s March statement suggesting that XRP would be among the digital assets held by the government.

Institutional Interest Mounts

While regulatory momentum has paused, institutional activity around XRP continues to grow. Santiment data recently revealed that large wallets accumulated nearly 30 million XRP in a single week.

Meanwhile, the newly launched REX-Osprey XRP ETF recorded $37.7 million in first-day natural volume. CME Group’s XRP futures surpassed $26 billion in notional volume.

Analysts estimate that spot ETF approvals could attract up to $10 billion in inflows within the first year. They see these propelling XRP toward double-digit prices.

Outlook

Between Ripple’s billion-dollar acquisitions this month, ETF filings nearing approval, and predictions from top analysts, the stage appears set for what Van Code describes as “big announcements in favor of XRP.”

Indeed, should the government reopen in the coming days, the long-awaited decisions, including ETF approvals and possible policy developments, could trigger XRP’s next major breakout.

Expert Says No Investment is Like XRP, with Possible 1,000% ROI but Low Risk

Sam Wisdom Raphael
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Expert Says No Investment is Like XRP, with Possible 1,000% ROI but Low Risk

Software engineer Vincent Van Code says he hasn’t seen an investment like XRP in his entire lifetime, insisting it has low risk but high potential.

Vincent Van Code said this while highlighting how every investment decision carries risk and the potential for returns. Notably, this is not any different with XRP, but the software engineer insists that the altcoin is in a better position in terms of its risk and the potential returns it could bring to investors.

Van Code Says XRP Has Minimal Risk but Likely 1,000% Potential

For perspective, XRP has had its moments of weakness and strength over the years, presenting impressive returns for some investors and losses to some. Specifically, if you invested $1,000 into XRP exactly a decade ago, you would be holding $463K today. However, if you invested the $1,000 at its $3.3 peak in January 2018, you’d be holding $770 today.

When comparing the ratio of gains to losses, most investors would argue that the XRP investment is a good gamble. This prompted Vincent Van Code’s recent commentary, as he claimed that XRP poses minimal risk while showing potential for great returns.

According to Van Code, while investing is all about risk and returns, XRP has the potential to bring in up to 1,000% in profit for investors. 

Vincent Van Code on X
Vincent Van Code on X

At the current price of $2.55, a 1,000% increase for XRP would push its value to around $28. Some analysts have projected a possible XRP run to $28, with CrediBULL suggesting in March that XRP’s fifth Elliott Wave could lead to this level. 

While market watchers believe a 1,000% rally to $28 is feasible for XRP, Van Code argues that, at the other end of the spectrum, XRP carries very little risk. For context, while a $1,000 investment in XRP today would yield around $11,000 if it hit $28, even a collapse to this year’s floor price of $1.6 would still leave investors with $627.

“In my lifetime, I haven’t seen any investment like this”

With more to realize and less to lose, Van Code noted: “In my lifetime, I haven’t seen any investment like this. Nothing comes close.” However, he emphasized that despite this promise, some individuals remain emotionally attached to a decision they made five years ago.

This comment likely referenced investors who chose to invest in other altcoins years back. According to Van Code, the choice to pivot your investment strategy makes one a smart investor who does not care about the crowd but only follows where there is a reasonable risk-to-reward ratio.

Van Code advised investors to “follow the money,” arguing that he has built his own success on this. However, it is important to note that while Van Code remains confident, XRP, like other altcoins, could also lead to massive losses. As a result, they should not see these comments as investment advice.

Ripple President Says XRP Future Is Mighty Bright

Abdulkarim Abdulwahab
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Ripple President Says XRP Future Is Mighty Bright

Ripple President Monica Long has expressed strong optimism about the future of XRP.

Long shared her upbeat outlook on the company’s trajectory following the completion of its acquisition of Hidden Road, which now rebrands as Ripple Prime.

Taking to X to comment on the announcement, Long said the “future ahead is mighty bright.”

Notably, she highlighted the growing opportunities Ripple Prime now offers, particularly as RLUSD is already being used as collateral across several prime brokerage products. In this context, Long disclosed that Ripple Prime is exploring innovative ways to utilize XRP.

The announcement served as Ripple’s official confirmation that it has completed the acquisition of Hidden Road. This milestone makes Ripple the first crypto company to own and operate a global, multi-asset prime broker. 

Ripple Prime

Ripple Prime builds on Hidden Road’s success as one of the fastest-growing non-bank prime brokers. It offers services such as clearing, financing, and prime brokerage across asset classes, including FX, derivatives, swaps, and digital assets.

Since Ripple’s initial acquisition announcement in April, Ripple Prime’s business has tripled in size, with further expansion anticipated.

The integration of Ripple’s robust digital asset infrastructure, which includes payments, custody solutions, and its stablecoin RLUSD, seeks to unlock deeper adoption among institutional users.

Ripple also confirmed plans to leverage blockchain technology to streamline operations and reduce costs within Ripple Prime. This move reinforces its long-term vision of scaling blockchain-backed financial solutions globally.

RLUSD Gains Traction as Ripple’s Institutional Stablecoin

Meanwhile, Ripple’s RLUSD stablecoin has rapidly emerged as a cornerstone of the company’s institutional offering. It is already a collateral asset for a variety of products. Moreover, some derivatives clients have opted to hold their balances in RLUSD.

This momentum is supported by strong regulatory compliance, institutional trust, and BNY Mellon’s role as primary reserve custodian for RLUSD.

In July, blockchain analytics firm Bluechip ranked RLUSD as the number one stablecoin for stability, governance, and asset backing. In particular, it assigned it an ‘A’ rating.

Ripple expects RLUSD adoption to continue expanding as institutional clients deepen their engagement with Ripple Prime.

Strategic Acquisitions Strengthen Ripple’s Ecosystem

The completion of Ripple Prime adds to Ripple’s five major acquisitions over the past two years. They include Metaco, Standard Custody, Rail, and GTreasury. These strategic moves aim to strengthen Ripple’s multi-asset capabilities and position it as a leader in institutional-grade digital finance.

Hidden Road’s founder, Marc Asch, will continue collaborating with Ripple CEO Brad Garlinghouse and the leadership team to ensure a seamless integration.

Ripple emphasized that both companies share a global outlook and commitment to technology, risk management, and operational excellence.

A Bright Future for XRP and Institutional Crypto

Monica Long’s statement highlights confidence that Ripple’s evolving ecosystem, powered by XRP, RLUSD, and Ripple Prime, is paving the way for the next phase of institutional crypto adoption.

As Ripple deepens its footprint across prime brokerage and asset management, XRP’s role within this expanding infrastructure could prove increasingly pivotal.

Here’s What It Means for XRP as Larsen Held More XRP 10 Years Ago, When XRP Was Under a Cent

Abdulkarim Abdulwahab
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0
Here’s What It Means for XRP as Larsen Held More XRP 10 Years Ago, When XRP Was Under a Cent

Legal expert Bill Morgan has clarified that Ripple Chairman Chris Larsen once held significantly more XRP when it traded below one cent.

His comment seeks to counter claims that his recent 50 million XRP transfer was a sell-off.

Indeed, Larsen’s 50 million XRP transaction continues to stir discussions across the community. It began after CryptoQuant analyst Maartunn suggested that Larsen was offloading his holdings onto retail investors, describing it as a “cash-out” while ordinary holders “held the bag.”

The transaction, worth around $120 million, reignited long-standing concerns about insider sales and their potential impact on XRP’s price.

However, the XRP community quickly moved to clarify the motive behind the transfer. Legal expert Bill Morgan noted that the funds were not sold on the open market but were instead “cashed straight into Evernorth,” the newly launched XRP treasury company.

Larsen’s XRP Move Was an Investment, Not a Dump

Evernorth aims to raise $1 billion in gross proceeds, backed by Ripple and SBI Holdings. The company intends to purchase and hold XRP as part of its treasury operations.

Larsen’s 50 million XRP transfer was part of this commitment. He had previously informed the community that the large on-chain movement would appear as a transfer from his wallet but was, in fact, an investment into Evernorth’s treasury initiative.

Despite this clarification, Maartunn persisted in framing the move as a sell-off. In response, Bill Morgan pointed out that Larsen “might hold an XRP bag for a while,” emphasizing the long-term nature of the investment.

“He Held More XRP 10 Years Ago, When It Was Under a Cent”

Meanwhile, other critical voices in the crypto community accused Larsen of giving away an asset “he got for free.”

X user Elephant, who shares this view, went further to argue that the investment “won’t help XRP’s price.”

To this, Morgan replied that skeptics made similar claims a decade ago, when Larsen held even more XRP and the token traded below one cent.

His remark highlighted the contrast between XRP’s significant price increase over the years and the decline in Larsen’s holdings, reducing the weight of the “dumping” narrative often directed at him.

Blockchain data supports this history. In September 2024, it was reported that Larsen had moved XRP for the first time from a wallet untouched since 2013.

As of July 24, 2025, Larsen held 2.81 billion XRP. As of today, XRPScan data shows that six of his wallets contain 2.53 billion XRP. For context, each of these wallets initially received an allocation of 500 million XRP in 2013.

In other words, Larsen held at least 3 billion XRP 12 years ago, when XRP traded around $0.0055. At that time, his holdings were worth approximately $16.57 million. Today, despite the reduced balance, the combined value exceeds $5 billion, highlighting XRP’s remarkable price growth over the years.

Larsen's XRP holdings | XRPScan
Larsen’s XRP holdings | XRPScan

Analysts Say Larsen’s Sales Don’t Threaten XRP’s Price

Meanwhile, the broader XRP community appears unfazed by the recurring discussions surrounding Larsen’s transactions.

Analysts such as Dark Defender have previously cited Jed McCaleb’s historic XRP sell-offs as an example of how the market has absorbed much larger insider sales without lasting damage.

Between 2014 and 2022, McCaleb sold 9 billion XRP, yet the token remained among the top digital assets by market capitalization.

Dark Defender believes the same resilience applies today, emphasizing that Larsen’s movements are unlikely to affect XRP’s long-term value.

Ripple CEO Makes a Massive, Unbelievable Statement About XRP

Lele Jima
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Ripple CEO Makes a Massive, Unbelievable Statement About XRP

Ripple CEO Brad Garlinghouse has made a powerful statement reaffirming the company’s unwavering commitment to XRP.

For context, Ripple announced it has finalized the acquisition of the leading prime brokerage platform, Hidden Road. The $1.25 billion deal, which began earlier this year, positions Ripple as the first crypto-related company to own and operate a functional multi-asset prime broker. 

As a result, the company emphasized that the acquisition would enable it to accelerate global institutional adoption of digital assets. With the deal finalized, the San Francisco-based company rebranded Hidden Road as Ripple Prime.  

In its statement, Ripple described the acquisition as a logical step toward helping institutions embrace digital assets. The company highlighted that its growing infrastructure, which spans crypto custody, payments, stablecoin solutions, and XRP utility, will seamlessly complement Hidden Road’s institutional offerings, including trading and prime brokerage services. 

Ripple Hidden Road announcement
Ripple Hidden Road announcement

Garlinghouse Celebrates Hidden Road Acquisition 

In a post celebrating the deal, Garlinghouse noted that Ripple has unveiled five major acquisitions over the past two years. 

Last week, Ripple announced its $1 billion acquisition of treasury management firm GTreasury, marking a major step toward entering the multi-trillion-dollar corporate treasury market. 

Just weeks earlier, in August, Ripple had also revealed an agreement to acquire Rail, a global payments provider specializing in stablecoin-powered settlements. Valued at approximately $200 million, Ripple stated that the deal would allow both companies to deliver an end-to-end stablecoin payments solution for institutional clients.

Ripple’s acquisition spree extends beyond these recent deals. In June 2024, the company acquired Standard Custody, a regulated enterprise-grade custodian, for an undisclosed amount. The move strengthens Ripple’s ability to offer secure custodial services to institutional clients while reinforcing its commitment to regulatory compliance. 

Earlier, in May 2023, Ripple completed the $250 million purchase of Metaco, a Swiss-based digital asset custody firm, enabling its expansion into a market projected to exceed $10 trillion by 2030.

Now, Ripple has finalized its latest and largest deal yet — the $1.25 billion acquisition of Hidden Road, a global prime brokerage platform. 

According to Garlinghouse, these strategic acquisitions align with Ripple’s broader mission to build an “Internet of Value” — a vision centered on enabling money to move as freely and efficiently as information does today. 

Ripple CEO Makes Bold Declaration About XRP 

In what many community members described as an unbelievable statement, Garlinghouse reminded them that XRP remains at the core of Ripple’s operations. This reaffirms that XRP is fundamental to the company’s overall strategy rather than an optional asset. 

The statement seeks to address growing speculation that Ripple has been sidelining XRP in favor of its stablecoin, RLUSD. Historically, XRP played a central role in Ripple’s payment infrastructure, serving as the bridge asset within its On-Demand Liquidity (ODL) solution, which has now been rebranded as Ripple Payments.

However, since RLUSD’s launch last year, several community members have argued that Ripple’s focus has shifted away from XRP to RLUSD. The stablecoin has increasingly appeared at the forefront of the company’s partnerships and integrations. 

For example, in the Hidden Road acquisition, Ripple’s official blog highlighted RLUSD’s role as a collateral asset on the brokerage platform but made no mention of XRP.

This omission fueled speculation that XRP’s utility had been reduced primarily to covering fees on the XRP Ledger, rather than remaining integral to Ripple’s broader financial strategy. 

However, Garlinghouse has dismissed these concerns in his latest X post, reminding community members that XRP remains at the core of its entire strategy. This implies that Ripple is not shifting its focus away from XRP nor sidelining it in favor of RLUSD, even as it expands its influence in payments, tokenization, custody, and liquidity. 

Analyst Makes a Challenge, Says: ‘Tell Me, What’s Bearish in This XRP Chart’

Sam Wisdom Raphael
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Analyst Makes a Challenge, Says: ‘Tell Me, What’s Bearish in This XRP Chart’

Despite the ongoing XRP price struggles, prominent market watcher EGRAG insists the altcoin shows no bearishness, as its chart still shows strength.

For context, XRP has been one of the biggest victims of the ongoing broader market downturn. Since hitting a high of $3.1 earlier this month, XRP has crashed more than 22%, currently trading below the $3 and $2.5 psychological levels, as it changes hands around $2.4 at press time.

Currently, the altcoin has collapsed by 15% this month alone. However, EGRAG insists it is not in a bearish position. In a recent commentary, the market watcher confirmed that most analysts now suggest that XRP has slipped into a bear market. However, he insists he has not observed even one bearish signal on the XRP chart.

According to EGRAG, these analysts leaning on the bearish side look to historical context and fractals from previous cycles to make their theories. Nonetheless, he noted that they have actually not identified any significant structural breakdown on the XRP chart to back up their bearish bias.

XRP Holds Above Ascending Trendline and Multi-Year Channel

He shared a monthly XRP chart that confirms that XRP has maintained a position above a multi-year ascending channel despite the current price struggles. Data from the chart indicates that XRP slipped into this channel when it crashed 77% to $0.3 on the back of the Terra collapse in mid-2022.

As prices ranged between $0.3 and $0.9, XRP remained within this ascending channel for over two years. Interestingly, a breakout occurred during the November 2024 upsurge above $2. Following the breakout, XRP also pushed above one of five ascending trendlines that define different regions of price positions.

XRP 1M Chart EGRAG Crypto
XRP 1M Chart | EGRAG Crypto

XRP has continued to hold above this new orange ascending trendline and the multi-year channel since breaching both last November. Interestingly, despite the recent crash, XRP remains above these structures, confirming EGRAG’s claim that the altcoin has not witnessed a structural breakdown.

XRP Maintains Bull Flag

Moreover, the chart also shows that XRP’s price action since November 2024 appears to have formed a bull flag. Specifically, the flagpole formed when XRP soared 580% from $0.5 to $3.4 in January 2025. Meanwhile, the flag has taken shape with XRP consolidating within the $2 to $3 range since January.

Interestingly, XRP is also maintaining a position within the flag pattern, indicating that it is still valid. Essentially, XRP still maintains its position with respect to the orange ascending trendline, the multi-year ascending channel, and the bull flag pattern.

As a result, EGRAG insists there is nothing bearish about the asset. “The chart still shows strength, structure, and bullish resilience,” the analyst confirmed. Data from the chart indicates that XRP could first target the $3.22 price level once it embarks on a recovery campaign.

Beyond this, the next targets lie at $8.2, aligning with the 1.272 Fibonacci extension, $13.3 at Fib. 1.414, and $26.8 at Fib. 1.618. EGRAG has persistently predicted that XRP could rally to $26. Last October, the analyst identified this as the ultimate target using a standard deviation model.

Here’s the Repeating Structure That Could Push XRP to $9.90

Sam Wisdom Raphael
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Here’s the Repeating Structure That Could Push XRP to $9.90

Market technician Javon Marks has identified a repeating structure on the XRP chart that could push prices to a new all-time high.

Marks’ commentary came amid XRP’s price struggles, which appear to be nearing an end. Specifically, at the time of his analysis, the altcoin traded for $2.39 with bearish pressure impeding any meaningful uptick. Nonetheless, his confidence in a breakout endured.

XRP’s Run from 2014 to 2018

The market analyst noted that despite the bearish price action, XRP was still in a favorable position, as its movements appear similar to historical trends from a past bull run. Notably, data from his 3-day chart shows that XRP has been following a similar structure from the 2014 to 2018 cycle that led to an explosive run.

For context, during this period, XRP first collapsed to a bottom price of $0.0028 in July 2014. After this floor, the price recovered considerably to $0.028 before facing rejection at this high and correcting to $0.0042 by November 2015. 

XRP 3D Chart Javon Marks
XRP 3D Chart | Javon Marks

Interestingly, after this correction, XRP consolidated but continued to see higher lows to maintain the bullish structure, as noted in Marks’ chart. Once this consolidation ended in March 2017, XRP launched an upsurge. It first rallied to a high of $0.0695 that month before cooling off for a few weeks. After the break, XRP soared to the ATH of $3.31 by January 2018, marking the top.

Ongoing Repetition Could Lead to $9.9

Following the top, the pattern started repeating. First, XRP collapsed to a bottom price of $0.1103 by March 2020 and then recovered to a peak of $1.96 in April 2021. After this peak, it witnessed another pullback to $0.2910 by June 2022, similar to what happened in November 2015.

From here, XRP again consolidated, but saw higher lows until it broke out of the consolidation phase in November 2024 to reach a peak of $3.4 by January 2025. Now, Marks’ chart indicates that the current price struggles represent another cooling-off period, hinting that XRP could again rally to a new peak.

Marks predict that when this breakout occurs, the immediate target for XRP is the $9.9 price level, which aligns with the 1.618 Fibonacci extension. This represents a 291% increase from XRP’s current price of $2.53. Still, the analyst insists that XRP may not stop there. His chart shows higher targets at $26.24 (Fib. 2) and $127 (Fib. 2.618).

In addition to Marks, other analysts have maintained that XRP remains bullish at current levels. For instance, market watcher DustyBC recently confirmed that XRP is still making bullish moves within a descending wedge. According to him, the market has completed the bear phase, and the bullish moves could continue. A breakout from this wedge would lead to $3.6.

XRP 8h Chart DustyBC
XRP 8h Chart | DustyBC

JPMorgan to Allow Major Clients Use Bitcoin, Ethereum as Loan Collateral

Zabi
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JPMorgan to Allow Major Clients Use Bitcoin, Ethereum as Loan Collateral

JPMorgan Chase plans to launch a new program that will allow institutional investors to use Bitcoin and Ethereum as loan collateral by late 2025.

The initiative will engage a third-party custodian to manage and protect the pledged crypto assets. This marks one of the most direct integrations of cryptocurrencies into the bank’s lending operations.

From Crypto ETFs to Direct Collateral

In June 2025, JPMorgan implemented a policy allowing crypto-linked ETFs to serve as collateral in lending agreements. The upcoming move takes this further by allowing clients to use the actual cryptocurrencies instead of ETF shares.

This shift will enable institutions holding large crypto reserves to access liquidity more easily without having to sell their assets. In turn, it will offer greater flexibility to investors seeking short-term funding options.

Notable Shift in Leadership Stance

Importantly, this development marks a symbolic shift for both the bank and its CEO, Jamie Dimon. Initially, he was a fierce critic of Bitcoin, labeling it worse than tulip bulbs. Nevertheless, Dimon has since tempered his perspective.

Although he continues to express skepticism about cryptocurrencies, Dimon recently stated that he will “defend your right to buy Bitcoin.”

Under his leadership, JPMorgan has quietly broadened its crypto services, from trading support to financing solutions tailored to digital asset markets.

Rising Institutional Interest Across Wall Street

JPMorgan is not alone in its pivot toward crypto integration. Other major financial players such as Fidelity, Morgan Stanley, BNY Mellon, and State Street have all expanded their crypto custody, trading, and product offerings in recent months.

These moves signal a pronounced trend among traditional institutions toward integrating digital assets into conventional finance. This evolution is driven by clients’ growing demand for diversified and sophisticated investment instruments.

Regulation Clears the Path Forward

Evolving regulatory frameworks have helped reduce uncertainty around crypto operations. In the United States, ongoing discussions about a crypto market structure bill are shaping up to create a clearer legal environment for banks.

Similar progress abroad has also lowered compliance barriers, enabling large financial institutions to experiment safely with blockchain-based lending and asset management services.

Evernorth CEO Says We’re Compounding Value for XRP

Abdulkarim Abdulwahab
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0
Evernorth CEO Says We’re Compounding Value for XRP

Asheesh Birla, CEO of Evernorth, has unveiled a new vision for the XRP ecosystem.

In his video message, Birla described Evernorth as a publicly traded XRP treasury that provides simple, regulated, and liquid exposure to XRP. However, the company aims to go beyond passive holdings.

“We aim to grow our XRP holdings,” Birla explained, noting that proceeds generated from the treasury would be used to acquire additional XRP. Notably, this compounding approach backs Evernorth’s long-term confidence in XRP’s role in the financial landscape.

Backed by Major Industry Players

Birla, who previously helped Ripple expand blockchain-based payments globally, said the future of crypto lies in access, trust, and transparency. 

Accordingly, Evernorth’s foundation rests on partnerships with leading firms across crypto and finance. They include Ripple itself, SBI, Arrington Capital, Pantera Capital, and Kraken. 

These backers, Birla highlighted, share Evernorth’s conviction in XRP’s potential to drive institutional adoption and regulatory trust.

“We’ve built an incredible team of leaders from crypto, capital markets, and finance,” Birla added, stressing the company’s focus on innovation, regulation, and risk management.

Notably, Ripple CTO David Schwartz, CLO Stuart Alderoty, and CEO Brad Garlinghouse are advisors to Evernorth. 

“This is Just the Beginning” for XRP

Furthermore, Birla pointed out that XRP now has “clear regulatory standing in the United States.” He stressed that this milestone paves the way for institutional participation. With Evernorth, he aims to create a trusted, transparent bridge connecting XRP to public markets.

“This is just the beginning,” Birla concluded. “I couldn’t be more excited to build this together with the community at every turn.”

More Context on Evernorth

Notably, Evernorth plans to build the world’s most extensive XRP treasury with $1.1 billion in committed capital. The firm will go public on Nasdaq (XRPN) via a merger with Armada Acquisition Corp II in Q1 2026.

Funding & Investors:

  • Ripple Labs: $300M initial + $200M post-closing
  • SBI Holdings: $200M for open-market XRP purchases
  • Other investors: $645M
  • Chris Larsen: 50M–120M XRP personal contribution

Funds will buy roughly 560 million XRP within 10 days of funding. Ultimately, Evernorth seeks to be the “MicroStrategy for XRP,” with purchases starting in 2026. 

The XRP community views the initiative as a bullish, infrastructure-level step solidifying XRP’s role in global finance.

CME Group’s XRP Futures Surpass $26B in Notional Volume

Lele Jima
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0
CME Group’s XRP Futures Surpass $26B in Notional Volume

CME Group has spotlighted the impressive performance of its XRP futures, revealing that the products have surpassed $26 billion in notional trading volume. 

For context, CME Group’s XRP futures achieved the incredible milestone within five months after their launch. On May 19, CME Group launched two versions of XRP futures to cater to users’ trading needs. They include a standard contract representing 50,000 XRP and a micro contract, which represents 2,500 contracts. 

Incredible Stats 

Since their launch, over 567,000 standard and micro contracts have been traded in the first five months, according to CME. This represents a 125.89% increase from the figure reported on August 26, 2025. Interestingly, the products also boast a combined notional volume of $26.9 billion, representing an average daily volume of $213 million. 

According to CME, the trading volume is equivalent to 9 billion XRP, roughly 9% of the total XRP supply. The announcement highlights the remarkable success of XRP futures on CME since their May 19 launch. 

As reported in August, CME revealed that XRP became the fastest cryptocurrency on its platform to reach $1 billion in open interest, outpacing leading assets such as Bitcoin, Ethereum, and Solana. 

At the time, the products’ notional volume was $9.02 billion, with an average daily volume of around $143 million. However, the latest figures show remarkable growth, as notional volume has now soared to $26.9 billion, while total contracts traded have climbed to 567,000.

XRP ETF Next? 

Notably, CME XRP futures are among the CFTC-regulated products currently trading on U.S.-based derivatives marketplaces. Coinbase and Bitnomial also launched similar products for XRP earlier this year. 

Analysts believe that XRP futures serve as a key stepping stone toward the eventual launch of spot-based XRP ETFs. Since last year, over 10 prospective issuers have been competing to bring XRP spot ETF products to the U.S. market. 

The ongoing U.S. government shutdown has delayed the SEC’s final decision on some XRP ETFs, initially slated for earlier this month. However, ETF analysts like Eric Balchunas have indicated that these timelines are no longer effective, following the SEC’s approval of the Generic Listing Standard framework for commodity-based trusts. 

Therefore, it is expected that the SEC could approve the products for launch only when the shutdown ends, provided they meet the required regulatory standards. 

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