Evernorth Nears 95% XRP Target as Profit Surges

Evernorth Holdings has hit a significant milestone in its XRP strategy, now holding 388.7 million tokens — representing 95% of its accumulation target. Recent data from CryptoQuant reveals that the firm's average entry price sits at $2.44 per token, putting them in a strong position as unrealized gains grow alongside XRP's steady price recovery.

Institutional Demand Fuels Recovery

Trader Steph Is Crypto highlighted the shift in Evernorth's portfolio performance through attached CryptoQuant charts, showing a dramatic reversal over the past week.

What were once unrealized losses (shown in red) have completely flipped into growing profits (green), coinciding with XRP's climb from around $2.20 to above $2.55.

Portfolio Performance Shows Sharp Reversal

This turnaround marks a decisive moment in institutional accumulation, with the firm's holdings now firmly in profit territory. The data suggests Evernorth built its position during the recent consolidation phase, averaging in around the $2.40–$2.45 range. The sharp rise in unrealized profits toward the right side of the chart signals improving sentiment among major XRP holders, with Evernorth's portfolio now recording its strongest gains in nearly two weeks.

Accumulation Plan Nearly Complete

The firm is just 5% away from completing its long-term XRP accumulation plan, underscoring growing institutional confidence in the token's medium-term prospects amid expanding liquidity and clearer regulatory conditions. Evernorth's consistent buying pattern mirrors broader on-chain trends: reduced exchange outflows, increased whale participation (holdings above 10M XRP), sustained accumulation during consolidation phases, and growing institutional wallet activity. These indicators suggest large investors are positioning for the next major market phase.

Technical Resistance and Upside Potential

With XRP currently trading around $2.60, technical indicators point to the next resistance zone near $2.75–$2.80. A sustained break above this level could trigger further upside momentum, especially if institutional holders like Evernorth maintain their positions rather than taking profits. On the flip side, a pullback below $2.40 may temporarily pressure unrealized gains but is unlikely to disrupt the overall accumulation trend.