XRP Market Cap Plummets $61B One Year After Major Treasury Plan
XRP's market value has dropped by $61 billion since Evernorth Holdings announced its significant XRP treasury strategy a year ago.
XRP's market value has dropped by $61 billion since Evernorth Holdings announced its significant XRP treasury strategy a year ago. XRP (XRP) is trading at $1.30. This is an original TLT brief based on reporting by Finbold, with live market data added, as of Tue, 20 Oct 2026 07:15:03 UTC.
This development highlights the volatility and risk associated with cryptocurrency investments, particularly for institutional holders like Evernorth Holdings. The significant drop in XRP's market cap underscores the challenges of maintaining value in a highly speculative market.
- XRP market cap has fallen by $61 billion since Evernorth's announcement.
- Current XRP price is $1.3, down 1.03% in the last 24 hours.
- Crypto market remains broadly down with a total market cap of $2.8 trillion.
- Evernorth to Deploy $648M XRP Treasury with Major Crypto Partners
- XRP Market Cap Plummets $61B One Year After Major Treasury Plan — this brief
One year after Evernorth Holdings Inc. announced its significant 
XRP treasury strategy, XRP's market cap has plummeted by $61 billion. This decline highlights the volatility and risk associated with cryptocurrency investments, particularly for institutional holders.
The current XRP price stands at $1.3, representing a 1.03% decrease over the past 24 hours and a 4.81% drop over the last seven days. This price movement contributes to the overall downturn in the crypto market.
Multiple outlets, including Finbold, have reported on the significant decline in XRP's market cap. The broader crypto market is also experiencing a downturn, with a total market cap of $2.8 trillion and 
Bitcoin down 1.39% in the last 24 hours.
The decline in XRP's market cap comes amidst a period of broader market uncertainty and volatility. The Fear & Greed index currently stands at 55, indicating a state of 'Greed' in the market.
The significant drop in XRP's market cap underscores the challenges of maintaining value in a highly speculative market. Investors and institutional holders will be closely watching future market movements and any potential recovery in XRP's value.
Since this brief published about 14 hours ago, XRP (XRP) has moved from $1.30 to $1.30 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,773.85 (about $1.30), down 1.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Market Cap Plummets $61B One Year After Major Treasury P — questions & answers
What caused XRP's market cap to drop by $61 billion?
The drop is attributed to the broader market downturn and the volatility associated with cryptocurrency investments since Evernorth Holdings announced its XRP treasury strategy.
How has the broader crypto market performed recently?
The total crypto market cap is $2.8 trillion, with Bitcoin down 1.39% in the last 24 hours, indicating a broad market downturn.
What is the current XRP price and its recent performance?
XRP is currently priced at $1.3, down 1.03% in the last 24 hours and 4.81% over the past week.
How much is 1 XRP worth in naira today?
About ₦1,773.85 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.30. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Finbold. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.