- XRP price is signaling steady investor buildup before an expected price breakout.
- Evernorth, backed by Ripple and crypto firms,aims to raise $1 billion, to build a large XRP treasury.
- Large XRP holders increased positions until September, then sold, influencing recent price fluctuations and market cap movements.
XRP is showing signs of steady accumulation, following a pattern similar to 2017’s market setup. Backed by Evernorth’s $1 billion XRP buy plan and Ripple’s support, investors watch closely for a potential breakout soon.
XRP’s Wyckoff Accumulation and Distribution Patterns
XRP is experiencing sideways price movement and low volatility, this indicates that investors are steadily accumulating XRP, preparing for a potential price surge. Therefore it is in a Wyckoff accumulation phase.
Comparing price charts from 2017 and now reveals a similar accumulation structure, but the market is more mature this time. After accumulation, the distribution phase follows, where price volatility increases and profit-taking occurs.
This phase often signals an upcoming price correction. Both accumulation and distribution phases form part of a clear market cycle with predictable price movements.
Evernorth’s $1 Billion XRP Treasury Backed by Ripple
Evernorth is a new publicly traded digital asset treasury aiming to raise over $1 billion to purchase XRP. The initiative is supported by Ripple, co-founder Chris Larsen, and firms like Pantera Capital and Kraken.
Evernorth plans to finalize its public listing through a SPAC deal by early 2026. CEO Asheesh Birla described Evernorth’s strategy as combining traditional finance yield methods with DeFi opportunities to generate returns.
Ripple executives such as CEO Brad Garlinghouse and CTO David Schwartz will advise Evernorth. The firm will operate independently while helping boost XRP adoption and utility.
XRP Market Movements and Large Holder Trends
XRP Market capitalization fell sharply from $157 billion to $132 billion then recovered to $146 billion.
Trading volume remained steady with spikes as Large XRP holders increased their positions between July and early September, supporting price stability. However, they began selling after mid-September, coinciding with a price decline.
This behavior shows a strong link between large holder activity and XRP’s price. Tracking these wallets helps signal potential market moves for traders.XRP is trading near $2.44 with a 2% increase in the last 24 hours.
