Levi Rietveld, creator of Crypto Crusaders, just told his audience that XRP is about to explode. The call comes as Evernorth, a Ripple-backed XRP treasury company, prepares to list on the Nasdaq on October 8 under ticker XRPN.
Its pre-merger SPAC surged 273% last week, briefly touching $53. Wall Street is already paying attention.
The Structure Behind the Story
Evernorth is built around one asset. The company acquires XRP, holds it as its primary reserve, and plans to grow its per-share XRP position over time. At closing, expected October 7, it will hold about 473 million XRP, valued at over $700 million.
The company has raised over $1 billion from backers including Ripple, SBI Group, Pantera Capital, and Kraken. This is not a passive holding vehicle. Evernorth intends to deploy its XRP through institutional lending, liquidity provisioning, and participation in XRP Ledger financial infrastructure. Every capital raise means more XRP purchased from the open market.
$XRP IS ABOUT TO EXPLODE!!! pic.twitter.com/eHmXqu6NEn
— Levi | Crypto Crusaders (@LeviCryptoGuy) October 5, 2026
What Rietveld Identified
Rietveld focused specifically on the demand argument. “If Evernorth keeps raising money and buying more XRP, that could create even more demand for XRP,” he told his audience.
Institutions that want XRP exposure through a regulated, publicly traded stock do not need to touch the token directly. They buy XRPN shares. Evernorth then purchases XRP to back those shares. The buying pressure on XRP comes through the company, not the investor.
He also noted that the listing gives Wall Street “another way to get massive exposure to XRP.” Wall Street has shown interest in XRP, and Evernorth expands the pool of capital that can flow toward the asset without direct token ownership.
The Demand Mechanism
Regulated funds, asset managers, and pension funds often face restrictions on holding crypto assets directly. A Nasdaq-listed treasury stock removes that barrier entirely. Capital that previously sat on the sidelines now has a compliant entry point.
Each new raise Evernorth completes translates directly into XRP purchases. That is a repeating demand cycle tied to the company’s growth, not retail trading sentiment. It operates on a different timeline and at a different scale.
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October 8 is the Real Test
Rietveld did not hedge his outlook. “I wouldn’t be surprised if XRP goes way higher than people are expecting,” he said. XRPN’s sharp upward move ahead of the listing reflects strong anticipation.
When XRPN begins trading as a fully merged company on October 8, the market will price Evernorth based on its treasury, its yield strategy, and its capacity to keep raising capital. That will be the clearest signal yet of how serious institutional demand for XRP actually is.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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