News about Evernorth

XRP is down 28% year to date and has shown little lift from the Nasdaq debut of Evernorth Holdings, the largest publicly traded XRP treasury company, which holds 473 million XRP worth an estimated $648 million. Investors now expect Evernorth to deploy these tokens through partnerships with Coinbase Global and Kraken to lift institutional adoption, followed by XRP-based lending products, with a possible rally from mid-2027. Standard Chartered's February target is $7 by the end of next year and $12.50 in 2028, but XRP trades at $1.31, well below its $3.65 peak last year. The article stresses that XRP has repeatedly over-promised and under-delivered.