Evernorth Seeks $132M to Expand XRP Holdings Amid Market Optimism
Evernorth, backed by Ripple, plans to raise up to $132.2M to increase its XRP holdings as institutional interest in crypto shows signs of revival.
Evernorth, backed by Ripple, plans to raise up to $132.2M to increase its XRP holdings as institutional interest in crypto shows signs of revival. XRP (XRP) is trading at ₹129 ($1.36). This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Thu, 22 Oct 2026 01:00:01 UTC.
This funding initiative highlights growing institutional interest in XRP and could strengthen Ripple's ecosystem. The move comes as the broader crypto market shows signs of recovery, with XRP's price and market cap reflecting positive momentum.
- Evernorth aims to raise up to $132.2M through existing warrants.
- Funds will be used to purchase additional XRP tokens.
- XRP price is up 2.30% in the last 24 hours to $1.36.
Evernorth, a company backed by Ripple, is seeking to raise up to $132.2 million through existing warrants to increase its 
XRP holdings. This initiative is part of a broader strategy to strengthen its treasury, as detailed in its latest prospectus.
The funding will be used to purchase additional XRP tokens, which could further bolster Ripple's ecosystem. This move comes as the broader crypto market shows signs of recovery, with the total market cap at $2.88 trillion and 
Bitcoin up 1.48% in the last 24 hours.
According to DeFiLlama, Evernorth's current cash circulating supply is $127.74 million, indicating a substantial potential increase in its funding capacity. The company's decision to invest in XRP aligns with Ripple's recent support for SEC crypto rules, as reported by CryptoNews.
XRP's price has responded positively, rising 2.30% in the last 24 hours to $1.36, with a market cap of $86.13 billion. This uptick reflects growing investor confidence in XRP and the potential impact of Evernorth's funding initiative.
The broader market sentiment, as indicated by the Fear & Greed index at 68 (Greed), suggests a favorable environment for such investments. This development could be a catalyst for increased institutional interest in XRP and the broader crypto market.
Since this brief published about 1 hour ago, XRP (XRP) has moved from ₹128.65$1.36 to ₹128.65$1.36 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹141.2 (about $1.36), up 2.1% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 22, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Evernorth Seeks $132M to Expand XRP Holdings Amid Market Opt — questions & answers
What is Evernorth's funding target?
Evernorth aims to raise up to $132.2 million through existing warrants.
How will the funds be used?
The funds will be used to purchase additional XRP tokens.
What is the current XRP price?
XRP is currently priced at $1.36, up 2.30% in the last 24 hours.
How much is 1 XRP worth in rupee today?
About ₹141.2 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.36. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.