Evernorth, a venture backed by Ripple alumni and partners, said it will go public via a merger with Armada Acquisition Corp. II. The parties expect to raise more than $1 billion and close the deal in early 2026, subject to approvals. The company states it will accumulate XRP as a core treasury asset.
The plan would create what Reuters described as the largest publicly traded XRP-treasury vehicle. Leadership changes accompany the move, with former Ripple executive Asheesh Birla set to lead Evernorth following board transitions.
Backing comes from established digital-asset investors, including a $200 million commitment from SBI and support from firms active across crypto markets. The filing positions Evernorth to pursue acquisitions and build an investment team around the XRP mandate.
Ripple pushes into corporate treasury software with $1B GTreasury deal
Ripple announced an agreement to acquire GTreasury, an enterprise treasury-management provider. The companies framed the transaction as a way to place Ripple’s payments and digital-asset stack inside existing finance workflows used by large corporates. Closing remains subject to regulatory approvals.
GTreasury’s platform spans cash, risk, FX, and compliance controls. Ripple noted the deal is its third major acquisition in 2025, following purchases that expanded market infrastructure capabilities. Public statements emphasize integration work ahead of completion.
Industry coverage highlights the strategic fit with corporate liquidity and risk tooling. The combined stack targets firms seeking digital-asset rails within audited, policy-driven systems.
Absa Bank adopts Ripple custody technology in South Africa
Absa, one of South Africa’s largest banks, said it will use Ripple’s institutional-grade custody technology for tokenized assets, including cryptocurrencies. The bank described the move as part of a broader push to offer secure storage to clients.
Ripple amplified the announcement on X, pointing to an expanded global custody footprint. The update adds a regulated African institution to Ripple’s enterprise pipeline.
Local press summarized the partnership’s scope and timeline last week, noting integration of custody capabilities and client-facing services.
XRPL lending protocol enters public security testing
Ripple and Immunefi launched a $200,000 “attackathon” to harden the proposed XRPL Lending Protocol. The program invites security researchers to probe the design before production decisions.
The blueprint aims to enable fixed-term, uncollateralized loans on XRPL, pending satisfactory results from testing and review. Organizers set rewards to surface vulnerabilities early.
The event follows iterative disclosures about the protocol’s goals and guardrails. A public testing window keeps the process transparent for developers and institutions tracking XRPL features.
Devnet reset completes after amendment change
XRPL’s Devnet reset earlier this month to avoid amendment blocking tied to PermissionDelegation. Maintainers confirmed the reset finished and Devnet returned online.
The change sets the amendment to unsupported in the next rippled release while additional development continues. The reset ensures validators upgrading to the new version operate normally.
Project notes direct developers to updated environments after the maintenance window. Routine resets like this keep test networks aligned with node software changes.
XRP chart echoes 2017 structure, with Fibonacci clusters framing upside scenarios
Amonyx’s weekly XRP/USD chart compares the current setup with 2017. The plot shows a deep retracement followed by an impulse path marked by Fibonacci extension clusters. In 2017, XRP fell roughly 64% before advancing about 1,501% by May and 11,573% by January 2018. The current panel notes a comparable drawdown near 53% into October 2025 and then maps two projection boxes labeled ~1,501% and ~11,572%, suggesting historical magnitude rather than fixed targets.
The chart anchors those scenarios to a long rising support line that has guided higher lows since 2020. Above price, multi-year resistance bands align with the 127%–161.8% Fibonacci extensions, which often act as waypoints during strong trends. The path sketch shows consolidation inside a yellow range, a breakout, and then a measured advance toward the upper channel, mirroring 2017’s rhythm. Importantly, the overlay treats Fibonacci confluence as structure, not certainty, and ties progress to sustained closes back above prior range highs.
However, the roadmap includes clear risks. A failure to hold the rising trendline would invalidate the analogue and reopen the lower support zone highlighted in blue. Moreover, the chart implies that momentum and liquidity must expand to carry price through the extension bands; otherwise, rallies can stall at the first cluster. In short, the graphic frames a 2017-style path as a conditional scenario: hold trend, clear resistance, and then follow the Fibonacci ladder; lose trend, and the setup reverts to range repair.
XRP 45-minute wave count sets $2.39 invalidation, eyes $2.64 resistance
Protechtor’s 45-minute chart frames the rebound from $1.18 as a three-wave rise, not yet an impulsive five. In Elliott Wave terms, the structure turns corrective if price drops below the wave-1 pivot at $2.39 before breaking above the wave-3 high at $2.55. That rule reflects the common constraint that wave 4 should not overlap wave 1 in standard impulsive moves. Therefore, the $2.39 level acts as the key invalidation line for the short-term bullish read.
At press time, price hovers near $2.45, which places the market between the invalidation at $2.39 and confirmation at $2.55. The path Protechtor sketches assumes a shallow wave-4 pullback that holds above $2.39 and then rotates higher into a prospective wave-5 push. However, if sellers force a close beneath $2.39 first, the count weakens and the sequence is better treated as a corrective rally rather than a trending impulse.
Upside discussion centers on $2.64, a level that served as strong support before failing and now stands as overhead resistance. Should price clear $2.55 and extend, the $2.64 zone offers a practical termination area for a wave-5 attempt. From ~$2.45, the defined risk to $2.39 measures about $0.06, while the simple upside marker to $2.64 is roughly $0.19, a near 3:1 ratio. The setup remains conditional: hold $2.39, recapture $2.55, and then test $2.64; lose $2.39 first, and the short-term bullish impulse view is invalid.
