Evernorth SEC approval brings XRP Nasdaq listing closer
XRP (XRP)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Evernorth Holdings has received SEC approval for its registration statement, advancing its plan to list on Nasdaq. This move positions the XRP-focused firm as a regulated public market option for institutional investors seeking exposure without direct asset ownership. Evernorth intends to invest in XRP infrastructure and use treasury methods to increase XRP holdings per share.
The announcement was issued at 5:04 p.m. ET on August 27, 2026. By 10:30 p.m. EDT that day, XRP traded at $1.46, reflecting a 4% increase over 24 hours. The company holds a market capitalization of approximately $91.6 billion.
This development serves as a litmus test for digital asset treasury companies amid market scrutiny. It offers another potential regulated avenue for investors to access XRP. The firm aims to withstand sharp market downturns through these public market strategies. This approval marks a significant step toward the company's broader listing goals.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 28 August 2026. Not the outlet's figures.
XRP is currently trading at $1.45, slightly below the previous report price. The 1-hour buy ratio stands at 53.8%, while the 4-hour ratio is 51.5%, both indicating stronger short-term buying pressure compared to the 24-hour ratio of 47.8%. Volume deltas show positive inflows of $286,267 in the last hour and $1,203,163 over four hours, contrasting with a negative 24-hour delta of -$9,800,984. A positive volume delta means more money is flowing into buys than sells, suggesting immediate accumulation. However, the negative 24-hour delta indicates that over the full day, selling pressure has outweighed buying. Spot volume reached $225,992,210 with 1,358,571 trades in the last 24 hours.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.3%, making today's 24-hour ratio of 47.8% slightly below normal by 1.4 points. Trading volume was just 0.48 times the average, indicating significantly lower activity than usual. Only one of the past seven days saw net buying, highlighting a generally bearish week. Despite this low volume, the price rose 14.6% over eight days. The total volume delta for the week was -$68,227,081, showing sustained net outflows despite the price gain.