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Asheesh Birla, CEO of Evernorth, addressed considerations about XRP’s failure to fulfill adoption metrics this month. The CEO’s fast take: XRP isn’t but a liquidity bridge at scale. The model that would drive sustained utility demand is the one through which banks and companies leverage it as working capital.
The take arrives after Evernorth Holdings Inc. introduced its public launch and enterprise mixture with Armada Acquisition Corp II (Nasdaq: AACI) in October 2025. The transaction will create the largest public XRP treasury firm, elevating over $1 billion in gross proceeds, together with $200 million from SBI and investments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and Chris Larsen.
Closing in Q1 2026, web proceeds will fund open-market XRP purchases for institutional treasury, working capital, and bills.
In the meantime, Joao Wedson cautions that XRP might nonetheless must drop a bit extra. The Variety of Days Spent at a Revenue metric signifies it’s beneath historic extremes, suggesting the market should want extra time or additional draw back to succeed in a construction just like earlier bottoms.
XRP’s newest information blends regulatory progress with tech adoption. The CLARITY Act superior after the Senate deal, and XRPL built-in AI agent funds on March 21, 2026, each of which supported cautious optimism.
 
That stated, XRP transactions are nearing 3 million per day, up from ~1 million in mid-2025. At press time, CoinMarketCap information reveals XRP’s worth is $1.39, up 0.13% (24h) and -1.3% (7d).
Chatter mixes regulatory optimism and AI bullishness with considerations over escrow unlocks and whale decline. The consensus is combined. Value stays range-bound with whales distributing. Watch the $1.40 help; a sustained break might sign the bearish narrative profitable.
Evernorth plans validator participation to boost community safety, RLUSD DeFi integration to drive yield and collateral, and market improvement to allow real-world utility in funds, capital markets, and tokenized belongings. Class A shares convert one-for-one.
