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Asheesh Birla, CEO of Evernorth, addressed concerns about XRP’s failure to meet adoption metrics this month. the general manager quick take: XRP is not yet a liquidity bridge at scale. The version that could drive sustained demand for public services is one in which banks and companies leverage them as working capital.
The acquisition comes after Evernorth Holdings Inc. announced its public launch and business combination with Armada Acquisition Corp II (Nasdaq: AACI) in October 2025. The transaction will create the largest public XRP treasury company, raising over $1 billion in gross proceeds, including $200 million from SBI and investments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR and Chris Larsen.
At the close of the first quarter of 2026, net proceeds will fund open market purchases of XRP for institutional treasury, working capital and expenses.
Meanwhile, Joao Wedson warns that XRP might still need to fall a little further. The number of days spent taking profits metric indicates that it is below historical extremes, suggesting that the market may still need more time or more declines to reach a structure similar to the previous lows.
The latest XRP news combines regulatory progress with technology adoption. The CLARITY Act advanced after Senate agreement and XRPL integrated AI agent payments on March 21, 2026, both of which supported cautious optimism.
 That said, XRP transactions are approaching 3 million per day, up from ~1 million in mid-2025. As of press time, data from CoinMarketCap shows the price of XRP at $1.39, up 0.13% (24 hours) and -1.3% (7 days).
Chatter mixes regulatory optimism and AI optimism with concerns about escrow unlocking and whale declines. The consensus is mixed. The price remains within the whales’ distribution range. Keep an eye on support at $1.40; A sustained breakout could indicate that the bearish narrative is winning.
Evernorth plans validator engagement to improve network security, RLUSD DeFi integration to boost performance and collateral, and market development to enable real-world utility in payments, capital markets, and tokenized assets. Class A shares are converted one by one.
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