XRP Price Prediction: Wall Street's $1 billion fund gets on board, expected to quickly surge to $3

Ripple-related investment company Evernorth plans to establish a $1 billion fund to purchase XRP from the open market. The company plans to go public through a SPAC merger, with the stock code XRPN. XRP price forecasts indicate that the current price maintains strong support at $2.30, with a key breakout level at $2.60, and once broken, it could quickly surge towards $3.00.

Evernorth Creates XRP Version of BlackRock

Evernorth, launched by Ripple, is not a typical cryptocurrency project but a regulated entity aimed at buying, holding, and managing XRP for businesses and funds. This announcement is a significant victory for XRP, as they are likely to purchase directly from the open market rather than through OTC discounted trades. XRP can be seen as the BlackRock of XRP, acting as a bridge between traditional finance and the Ripple on-chain liquidity network.

The company's goal is to raise over $1 billion to create the world's largest public treasury for XRP and promote institutional adoption. Essentially, it provides Wall Street with a clean and compliant way to enter the cryptocurrency market through traditional channels. Since Ripple's launch, its entire aim has been to enable institutions to access XRP in a regulated manner and establish an active, professionally managed financial treasury around it.

The company plans to go public through a merger with Armada Acquisition Corp II via a SPAC and will be traded under the creative stock ticker XRPN. SPAC (Special Purpose Acquisition Company) mergers have become a popular way for tech companies and crypto enterprises to go public quickly in recent years, as this method is faster and more flexible than a traditional IPO. Once XRPN is traded on the open market, any investor can indirectly hold XRP by purchasing the stock, without the need to directly handle a crypto wallet or exchange.

It has received support from well-known investors such as Ripple, SBI Holdings, Pantera Capital, and GSR. These investments have made Evernorth a regulated and trusted participant in operating XRP market infrastructure for institutions. SBI Holdings is one of the largest financial groups in Japan and has long collaborated with Ripple to promote cross-border payments. Pantera Capital is one of the earliest and most successful venture capital funds in the crypto space. GSR is a professional crypto market maker that ensures market depth and price stability.

The Huge Impact of Public Market Purchases

Evernorth eliminates the need for banks to slowly gather XRP, instead integrating funds into a single, regulated, and publicly listed instrument. This allows institutional investors to more easily access XRP and achieve scalability while meeting authorization requirements. Consideration is given to deep liquidity, compliant access, and robust fund management.

By combining public market packaging, transparent fiscal policies, and top-tier supporters, Evernorth has opened doors for funds that cannot directly purchase spot cryptocurrencies but can buy listed instruments. This is the way to achieve large-scale inflow of real capital. Many institutional investors are restricted by internal policies or regulatory constraints from directly holding cryptocurrencies but can purchase shares of listed companies. Once this structural demand is released, it will bring continuous and stable buying pressure for XRP.

“Open market purchases” are the most critical catalysts in XRP price predictions. This refers to buying XRP directly from exchanges at the current price, which naturally drives the price up as more buyers enter. Unlike private trades conducted at discounted rates, this activity is completely transparent. This is exactly what retail investors want to see.

The Three Strategic Significances of Evernorth for XRP:

Structural Buying: 1 billion USD will be injected in batches over the course of months, creating sustained buying pressure rather than a one-time shock.

Institutional Access Channel: Traditional funds allocate XRP indirectly by purchasing XRPN stocks, without the need to handle crypto assets directly.

Liquidity Deepening: Large-scale open market purchases will enhance the trading depth and market maturity of XRP on mainstream exchanges.

Historically, similar structures have repeatedly driven the prices of crypto assets. The Grayscale Bitcoin Trust (GBTC) absorbed a large amount of institutional funds during 2020-2021, becoming one of the key drivers of the Bitcoin bull market. When institutions enter the market through compliant tools, their buying pressure is usually more stable and larger in scale compared to retail investors.

Technical Analysis: $2.60 is the Key Threshold

(Source: Trading View)

After the recent market crash, the price of XRP has remained strong above the robust demand area around $2.30. This support level has been tested multiple times over the past few weeks, and each time the price retraced to this level, it received strong buying support, indicating that there are many investors willing to enter at this price level. From the volume distribution, there is a dense historical transaction record near $2.30, where the costs of these holders are concentrated in this range, and they have the motivation to defend when the price retraces.

The next key level to watch is $2.60. If the price breaks through and maintains above this level, it could easily surge towards $2.80 or even $3.00, at which point there will be significant liquidity. Why is $2.60 so critical? This price level is the upper boundary of the previous consolidation range and has also served as a resistance point where price has been rejected multiple times. In technical analysis, there is a classic theory of “resistance turning into support”; once a resistance level is effectively broken, it often transforms into a new support level, providing a foundation for subsequent upward movement.

The RSI indicator is fluctuating around 60, showing a slight bullish momentum, but is far from reaching overbought levels. The Relative Strength Index (RSI) ranges from 0 to 100, with typically above 70 considered overbought territory and below 30 as oversold territory. The current reading of 60 indicates that the market is in a healthy bullish state, with both upward momentum and not overly exuberant, which is an ideal environment for sustained increases. If the RSI breaks above 70 and enters the overbought zone, although it indicates strong bullish strength, it also means that there may be short-term profit-taking pressure.

From the price trend perspective, the green path suggests that if buyers continue to enter the market, a breakout is likely to occur. In this scenario, a breakout at $2.60 will be quickly confirmed, with increased trading volume accompanying the price rise, providing a dual validation of the breakout's effectiveness. Subsequently, the price may linger around $2.80 for a brief consolidation, absorbing selling pressure before continuing to challenge the psychological level of $3.00.

The orange path indicates that the price may face resistance and retest before a real upward movement. In this scenario, XRP may test between $2.50 and $2.60 multiple times, requiring time to accumulate enough buying power to effectively break through. This repeated testing is not a bad thing; rather, it can wash out short-term profit-taking positions, laying the groundwork for a more solid upward movement later. If the $2.30 support remains strong during the testing process, the overall structure still maintains a bullish outlook.

Market Impact Simulation of 1 Billion USD Entry

Overall, XRP currently looks bullish, but the real confirmation will be after a breakout above $2.60. Once the breakout is confirmed, the short-term target for XRP price prediction will point to the range of $2.80 to $3.00. However, the influence brought by Evernorth may be far beyond this. If the $1 billion fund gradually accumulates positions within 6 to 12 months, it will have a profound impact on the supply and demand structure of XRP.

Assuming Evernorth purchases $1 billion XRP at an average price of $2.50, it will acquire approximately 400 million tokens, accounting for about 0.7% of the current circulating supply. This proportion may seem small, but considering that a large portion of XRP supply is locked by Ripple and long-term holders, the actual circulating volume actively traded in the market is much lower than the nominal circulating amount. Therefore, the ongoing purchase of 400 million tokens will significantly alter the liquidity supply structure.

More importantly, there is the demonstration effect. The success of Evernorth may spawn more institutional-level XRP investment tools. If other asset management companies see the good market performance of XRPN, they may follow suit and launch their own XRP products. This scenario of institutions competing to enter the market was one of the core drivers of the Bitcoin bull market in 2020-2021.

Three Scenarios for XRP Price Prediction:

Conservative Scenario ($3-4): Evernorth successfully goes public and completes initial positions, attracting some institutional follow-up, XRP breaks previous highs and rises moderately.

Baseline Scenario ($5-7): Institutions adopt acceleration, multiple similar tools launch, XRP becomes a mainstream cross-border payment and institutional allocation asset.

Optimistic Scenario (Above $10): The global regulatory environment becomes clearer, XRP is included in the compliance framework of more countries, and banks widely adopt RippleNet.