XRP News: Evernorth Holdings Moves $280 Million in XRP as Market Stirs
The post XRP News: Evernorth Holdings Moves $280 Million com. Evernorth Holdings moves $280M in XRP amid market decline, as XRP price slips below $2. 20 and prepares for Nasdaq listing. Evernorth Holdings has recently moved over $280 million in XRP, drawing significant attention within the cryptocurrency community. The massive transfer involved more than 126 million XRP and has sparked speculation about the reasons behind the move. This comes as XRP’s price is facing downward pressure, slipping below the $2. 20 mark. The crypto market is watching closely as Evernorth prepares for major business developments. Evernorth Holdings Moves $280 Million in XRP On November 7, Whale Alert reported a massive transfer of 126, 791, 448 XRP, valued at around $280. 2 million. This transfer took place between two wallets owned by Evernorth Holdings, a Ripple-backed treasury company. On-chain analysis confirmed that both wallets belong to Evernorth, with the new wallet having been created on November 5. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 126, 791, 448 #XRP (280, 200, 797 USD) transferred from unknown wallet to unknown wallet Whale Alert (@whale_alert) November 6, 2025 The exact reason for this large transaction remains unclear. Some speculate it could be an internal transfer or part of a strategic move. The newly created wallet now holds 126 million XRP, while the original wallet still holds over 261 million XRP. This transfer is the latest move by Evernorth, which recently boosted its holdings with an additional 84 million XRP. XRP Price Faces Pressure Amid Market Conditions Despite the large XRP transfer, the cryptocurrency’s price continues to struggle. XRP recently fell more than 4%, dropping below the $2. 20 support level. The price fluctuation comes after Ripple’s efforts to hold the $2. 50 mark, which was seen as crucial for market sentiment. Currently, XRP is trading at around $2. 22, with a low of $2. 19 and a high of $2. 33 in the.