XRP's circulating market capitalization fell about $61.14 billion year over year, dropping 42.6% as price declined roughly 45.5% despite a larger circulating supply. Evernorth began Nasdaq trading under XRPN on October 12 with approximately 473 million XRP and $300 million in gross cash proceeds following its business combination.
The cash purchase represents only part of Evernorth's roughly 473 million XRP treasury. Its convertible notes do not require a sale if XRP falls below $2.54.
Germany's Sparkassen banking network has begun offering trading in Bitcoin, Ethereum, XRP, Solana, and Polygon through its digital banking services. Customers can now buy and sell cryptocurrencies directly through the same app they use to manage their bank accounts.
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Binance withdrawals below 10,000 XRP rose from 3% to 19.7% of outflow value between September 30 and October 20, the highest share since October 2024. Transfers above 1 million XRP fell from 60% to 38.6% on Binance, while withdrawals above 100,000 XRP still represented 65.7% of outflow value.
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XRP's circulating market value drops $61.14B in one year as Ripple-backed Evernorth enters Nasdaq with 473M XRP and prepares new treasury strategies.
XRP was down 0.73% over 24 hours at 8:29 a.m. ET (12:29 UTC) on Oct. 20, with a displayed range of $1.29 to $1.31.
The number of tokens transferred fell 37%, while Binance averaged 9.3 million XRP in daily net inflows during the measured week.