Recently, XRP prices have remained weak, attracting widespread market attention. As one of the largest institutional holders of XRP, asset management firm Evernorth is under significant on-paper pressure. According to on-chain data analysis, Evernorth’s unrealized losses on XRP holdings have exceeded $200 million, making it a typical case among institutional investors during this round of market correction.
Evernorth is headquartered in Nevada, USA, and is an important participant in the institutional application and fund management of XRP. In late October 2025, the company announced a high-profile plan to raise $1 billion to create what it calls the “world’s largest public XRP fund management company.” Subsequently, on November 4th, Evernorth purchased approximately 84.36 million XRP at an average price of $2.54, increasing its total XRP holdings to about 473 million.
However, since Evernorth first disclosed its XRP treasury plan, the price of XRP has fallen approximately 25%. Currently, XRP trades around $1.87, significantly down from its early-year levels. Data shows that nearly half of the circulating XRP supply is in floating loss, reflecting that overall market sentiment for XRP remains weak.
Although XRP has rebounded slightly by about 1.5% in the past 24 hours, many institutions expect this market cycle may end XRP’s two-year streak of annual positive returns, with an estimated full-year decline of about 11% in 2025.
Notably, Evernorth is not the only institutional investor under pressure. In the fourth quarter of 2025, mainstream crypto assets including Ethereum and Bitcoin have generally retraced. Analysts point out that the unrealized losses of some Ethereum institutional holdings have reached tens of billions of dollars, and Bitcoin institutional investors are also facing nearly 20% on-paper drawdowns.
Overall, under the dual influence of macroeconomic environment and market sentiment, institutional-level crypto asset allocations are undergoing severe tests, and the XRP market still faces considerable short-term volatility pressure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SoFi Adds XRP Deposit Support but Restricts Withdrawals to External Wallets
Gate News message, April 22 — SoFi Crypto added XRP deposit support to its platform on April 21, but the launch drew user backlash over the bank's continued restriction on withdrawing crypto to external
GateNews6h ago
XRP’s Explosive Rise Isn’t Over Yet: Breaking Down Its Massive Returns
XRP delivered massive historical returns, contradicting claims of no appreciation.
Analyst highlights “Bifrost Bridge” channel as key to long-term bullish structure.
Current consolidation and ecosystem growth signal potential for another major breakout.
Critics often claim that Ripple’s
CryptoNewsLand6h ago
Ripple CEO praises SEC’s new direction, and U.S. crypto regulation enters a reset mode
Ripple CEO Brad Garlinghouse publicly praised the regulatory shift driven by the newly appointed Securities and Exchange Commission (SEC) chair, Paul Atkins, on April 20, describing it as “a refreshing breath of sanity that helps people regain their composure.” Garlinghouse viewed the SEC’s policy pivot as the key driver behind an improvement in sentiment across the U.S. crypto market.
MarketWhisper9h ago
SoFi Adds XRP Deposits, Ripple: Broader Access Drives Practical Growth
American fintech company SoFi Technologies announced on April 21 that it would add XRP deposit services to its platform, bringing this digital asset into the national chartered bank environment overseen by the Office of the Comptroller of the Currency (OCC). SoFi currently supports trading of 27 cryptocurrencies and offers a range of crypto deposit features. Ripple says this is the path to real utility-driven growth.
MarketWhisper10h ago
SoFi Enables XRP Deposits but Restricts Withdrawals, Drawing User Criticism
Gate News message, April 21 — SoFi announced that its crypto business now supports XRP deposits, but the platform currently does not allow withdrawals to external wallets. Users can only hold or trade XRP within the platform and cannot transfer tokens to on-chain wallets.
Some users criticized the
GateNews14h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand18h ago
