Crypto commentator X Finance Bull is watching Evernorth closely, and not because of the price. While XRP’s short-term chart draws attention, the company behind the ticker XRPN is building something that X Finance Bull believes carries far more weight.
Evernorth holds approximately 473 million XRP, representing around 0.473% of XRP’s original supply.
CEO Asheesh Birla, a former Ripple executive, made the company’s intentions clear in a recent video interview. “We’re not a passive digital asset treasury,” Birla said. “The plan is to put this XRP to work and generate yield opportunities.”
I see everyone panicking over another red $XRP candle.
Watch this interview with Evernorth CEO Asheesh Birla.
I want to explain why I'm even more bullish after hearing him.
While everyone is watching the price drop, Evernorth is preparing to put 473 MILLION XRP to work.… https://t.co/6HyJFzqwEk pic.twitter.com/SLIBAAfCSc
— X Finance Bull (@Xfinancebull) November 6, 2026
On-Chain and Traditional Methods
Evernorth’s SEC filings outline how it intends to generate that yield. The company plans to lend XRP to institutional counterparties, engage in derivatives and basis trading, participate in XRPL lending markets, and provide liquidity through automated market makers. Its filings specifically mention XRP/RLUSD liquidity pools.
That positions Evernorth to support trading between Ripple’s RLUSD stablecoin and XRP, with liquidity providers potentially earning trading fees in the process.
Birla described the approach as methodical. “We’re not going to sprint,” he said. “We’re going to look at taking opportunities as they arise and help develop this market, both on-chain and in the traditional sense.”
Treasury Growth and Institutional Scale
The detail that caught X Finance Bull’s attention sits in Evernorth’s filings. The company intends to use proceeds from its yield strategies to acquire more XRP. Its treasury could grow through its own activity.
On October 14, Evernorth announced plans to begin deploying its XRP treasury during Q4 2026, working with Ripple, Kraken, Coinbase, and BitGo. On October 26, it announced a potential $80 million equity facility through CF Principal Investments, an affiliate of Cantor Fitzgerald, with XRP acquisitions among the possible uses.
X Finance Bull also noted the XRPL’s XLS-65 Single Asset Vault and XLS-66 Lending Protocol currently in development, calling Evernorth’s preparations early groundwork for a larger XRP lending market.
Community Response
Commenter XRP_Biker noted that Birla’s emphasis on being methodical matters, adding that “building useful markets beats staring at red candles.”
X Finance Bull closed with a clear position. “My conviction in $XRP extends far beyond the next green candle,” he wrote. “I’m watching how Evernorth develops this model.”
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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