Ripple’s XRP (XRP-USD) finally got the kind of headline it’s been waiting for. Chief Technology Officer David “JoelKatz” Schwartz told followers he’s joining Evernorth as a strategic advisor, a move that’s already stirring optimism around XRP’s next chapter.
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“XRP community – I promised I’d have an update on my next adventure soon right? Well here’s the start: I’ll be a strategic advisor to @evernorthxrp, helmed by my friend @ashgoblue,” Schwartz said on X. He added that Evernorth was founded as “a regulated, scalable investment vehicle to tap into opportunities for XRP.”
The news came as Evernorth announced a merger with Armada Acquisition Corp II, setting up a Nasdaq (NDAQ) listing under the ticker XRPN. The company expects to raise more than $1 billion, creating what it says will be the largest public XRP treasury. The plan gives Ripple’s token a clearer path into regulated capital markets, where institutional money has often been hesitant to tread.
Market Confidence Creeps Back
It’s a timely boost for XRP. XRP has traded sideways for months as traders waited for a new catalyst. Schwartz’s announcement provided one. The token rose toward $2.40, extending a quiet rebound that’s been building across large-cap cryptocurrencies.
Analysts say the connection between Ripple’s leadership and a public XRP investment vehicle strengthens confidence that the network is back in growth mode. “It’s the first real bridge between XRP and Wall Street,” one market strategist said. “If Evernorth delivers, it could bring the kind of liquidity the token has always needed.”
What’s Next for XRP’s Price
On the charts, XRP is showing early signs of strength. Traders are watching for a move above $2.60, which could open the door to a test of $2.75 to $3.00. Technical analysts note that an inverse head-and-shoulders pattern appears to be forming, which is a classic signal of a potential reversal.
For now, investors seem more confident that Ripple’s long-term strategy is taking shape. A Nasdaq debut and a billion-dollar XRP treasury would mark a major step toward institutional acceptance. And with Schwartz now directly involved, the market may finally have a reason to believe the next leg higher could be coming soon.
At the time of writing, XRP is sitting at $2.4049.
