XRP Eyes 30% Rise As Evernorth Accumulates $1B Tokens in a Week

XRP (XRP) could be gearing up for a strong 30% rally toward $3.40 as renewed institutional accumulation injects fresh momentum into the market.

Evernorth’s $1B Accumulation Spurs XRP Bulls

XRP’s move comes as blockchain analytics data reveals massive buying activity from Evernorth, a digital asset management firm that added over $1 billion worth of XRP tokens to its holdings this past week.

Evernorth’s XRP balance skyrocketed from under 100 million tokens to over 400 million XRP within just a few days, equivalent to roughly $1 billion at current market prices, according to onchain data from CryptoQuant.

This rapid accumulation phase represents one of the largest single-entity purchases of XRP recorded in 2025. The timing of this accumulation coincides with an unprecedented spike in exchange withdrawals.

According to Glassnode, XRP saw its largest-ever net outflow from exchanges on Oct. 19–20, totaling more than 2.6 billion XRP, the same period Evernorth disclosed its strategy.

Such large-scale outflows signal reduced sell-side pressure and a shift toward long-term holding behavior, both of which tend to precede major bullish impulses.

XRP Bounces From Key Support Within Ascending Triangle

The XRP/USDT chart shows the token rebounding from the lower trendline of its ascending triangle pattern, a setup that has defined its market structure throughout 2025.

This pattern typically forms during periods of consolidation and often precedes a continuation of the prevailing uptrend.

After briefly dipping below $2.20 last week, XRP has reclaimed the $2.60 level, up more than 4% in the past 24 hours. The rebound aligns closely with the 20- and 50-day moving averages, suggesting that short-term momentum may be turning bullish again.

Technically, a breakout from this structure could propel XRP toward the triangle’s upper boundary near $3.40, about 30% above current prices, potentially by early November.