Corporate Purchases Define Critical Level for XRP

Ripple (XRP) has recently become a digital asset that has caught the attention of institutional investors. The average purchase price of $2.44 holds the potential to establish an important support zone for XRP. Movements in this area may serve as a critical threshold for investors.

Ripple-backed Evernorth Holdings has been gaining attention with its recent acquisitions. The company has now reached a total of 388.7 million XRP assets, completing 95% of its target. This not only shows Evernorth's strategic integration into the Ripple ecosystem but also reflects the value of XRP assets, which has reached approximately $993.6 million.

Evernorth plans to go public through a SPAC merger with Armada Acquisition Corp II (NASDAQ: AACI) and aims to create a digital asset treasury of over $1 billion. This situation could have a significant impact on the future price movements of XRP. The company's aggressive acquisition policy is increasing institutional investor interest in Ripple, indicating that the trend of digital asset treasuries is rapidly spreading.

Analysts believe that the acquisitions made by Evernorth could help XRP remain above a critical level as institutional demand for digital assets continues to rise. According to CryptoQuant data, Evernorth is currently among the largest institutional investors holding XRP. This could strengthen XRP's position in the digital asset market.

As a result, the $2.44 support zone and Evernorth's public offering are among the critical points to watch for investors. It is expected that key factors influencing XRP's future price movements will take shape here.