Ripple and its native token, XRP, remain at the forefront of the crypto world, with recent developments generating buzz. This article dives into notable events involving both entities. ☀️🚀 Evernorth, a new venture backed by Ripple, is set to list on Nasdaq through a merger with Armada Acquisition Corp II, aiming to raise billions and focus on accumulating XRP. Led by former Ripple executive Asheesh Birla as CEO, the venture intends to leverage acquisition opportunities and build an investment team. The news was met with enthusiasm from XRP enthusiasts, who likened it to ‘MicroStrategy built for XRP’. They believe this initiative will actively buy XRP, reducing supply and boosting price, while simultaneously creating utility through liquidity pools, lending, and yield programs around XRP as the core asset. 💰. However, Ripple co-founder Chris Larsen’s recent sale of 50 million XRP tokens (valued over $120 million) sparked some concern about market fluctuations. Despite this move, Larsen emphasized his investment in Evernorth and its potential to bridge the gap in capital markets for XRP usage in DeFi products. 📈 Meanwhile, Ripple’s XRP price remains under pressure, down nearly 20% in the past two weeks to $2.42. However, analysts remain optimistic that it could reach new highs during this cycle. ChartNerd envisions a potential surge to $27. 🤔. Meanwhile, Santiment data shows a marked drop in XRP crowd sentiment – its lowest point in nine months. The platform cautions against drawing definitive conclusions from market fluctuations and emphasizes the unique nature of the crypto space.