XRP Market Cap Plummets $61B One Year After Major Treasury Plan
XRP's market value has dropped by $61 billion since Evernorth Holdings announced its XRP treasury strategy one year ago.
XRP's market value has dropped by $61 billion since Evernorth Holdings announced its XRP treasury strategy one year ago. XRP (XRP) is trading at ₹124 ($1.30). This is an original Token Times brief based on reporting by Finbold, with live market data added, as of Tue, 20 Oct 2026 05:15:01 UTC.
This development highlights the volatility risks for institutional investors in crypto markets, particularly after major treasury commitments. The significant value erosion could impact future institutional adoption strategies.
- XRP market cap has fallen $61B since Evernorth's treasury plan announcement.
- Current XRP price is $1.3 with a market cap of $82.24B.
- Crypto market remains down with Fear & Greed at 55 (Greed).
- Evernorth to Deploy $634M XRP Treasury With Major Crypto Firms
- XRP Market Cap Plummets $61B One Year After Major Treasury Plan — this brief
One year after Evernorth Holdings announced its 
XRP treasury strategy, XRP's market cap has fallen by $61 billion. This significant decline highlights the volatility risks associated with institutional crypto investments.
At the time of the announcement, the strategy was seen as a major vote of confidence in XRP, but the subsequent market performance has been underwhelming. The current XRP price stands at $1.3, representing a 24-hour decrease of 0.66% and a 7-day decline of 1.53%.
The broader crypto market is also experiencing a downturn, with the total market cap at $2.8 trillion and 
Bitcoin down 1.05% in the past 24 hours. The Crypto Fear & Greed Index remains at 55, indicating a state of 'Greed' among investors.
This development comes amidst a period of uncertainty for institutional crypto investments, as evidenced by the recent market performance and the challenges faced by companies like CoreWeave, which has lost $10.4 billion in market value.
The significant drop in XRP's market cap raises questions about the long-term viability of institutional crypto treasury strategies and the potential impact on future investment decisions.
Since this brief published about 12 hours ago, XRP (XRP) has moved from ₹123.57$1.30 to ₹123.57$1.30 — +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 ≈ ₹135.19 (about $1.30), down 0.4% over 24 hours. The rupee itself trades about 9.4% 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.
XRP Market Cap Plummets $61B One Year After Major Treasury P — questions & answers
What was Evernorth Holdings' XRP treasury strategy?
The exact details of the strategy are not fully specified, but it involved a significant commitment to XRP.
How has XRP's market performance been affected?
XRP's market cap has fallen by $61 billion since the announcement, with the current price at $1.3.
What is the current state of the crypto market?
The total market cap is $2.8 trillion, with Bitcoin down 1.05% in the past 24 hours.
How much is 1 XRP worth in rupee today?
About ₹135.19 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.30. 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 Finbold. 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.