XRP Price Slides to $1.86 as Ripple-Linked Treasury Faces $220M Paper Loss

Trade Now

This article was first published on The Bit Journal.

A fresh market scenario is putting XRP price back under the microscope, not because of a flashy rally, but because big positions look uncomfortable when the tape turns south. According to a report published on December 25, Evernorth Holdings, described as an XRP treasury entity backed by Ripple executives, is down more than $220 million on its XRP stash after the token cooled off in recent weeks.

The report cites third-party tracking data showing Evernorth holds roughly 389 million XRP, acquired for about $947 million. With XRP priced around $1.86, that stake is valued near $724 million, leaving the firm with a sizable unrealized deficit.

That single datapoint matters because it captures the mood of this phase: risk is not theoretical when volatility returns, and even well-funded players can sit underwater for a while.

The Price Action: A Month of Lower Highs, Then a Bounce Attempt

Over the last 30 days, XRP price has fallen about 16%, a drawdown that lines up with broader weakness across major crypto assets. In the same 30-day window, XRP traded as high as $2.2730 and as low as $1.7723, with an average price near $2.0252, which helps frame where buyers have defended and where sellers have leaned on rallies.

As of December 25, XRP price traded around $1.87 with an intraday range roughly between $1.8569 and $1.8749. The move looks less like a clean trend reversal and more like the market catching its breath after a fast slide from early December levels above $2.10.

Why ETF Flows and Price Can Tell Different Stories

One of the more interesting tensions is that price has softened even as regulated products tracking XRP price have shown steady demand. Data cited in the same report says US-listed XRP ETFs have taken in over $1 billion in cumulative inflows since their debut. A separate market write-up, also referencing SoSoValue data, reported $10.89 million of net inflows on December 16 and said cumulative inflows reached $1 billion since the first product began trading on November 13.

That divergence is not unusual. ETF inflows can reflect longer-horizon positioning, while spot price still reacts to short-term liquidity, leverage, and macro jitters. It is a bit like a busy restaurant on a rainy day: tables are booked, but the street outside still looks gloomy.

Key Indicators Traders Watch as XRP Price Tries to Stabilize

Technicians will focus on structure first as the $1.77 area stands out as a recent 30-day low and a clear reference point for support, while $2.27 marks the recent peak that now acts as a psychological ceiling. Between those levels, the market has repeatedly churned around the $1.85 to $1.95 zone, visible in several daily highs and lows over the past week.

Momentum indicators like RSI often help describe whether selling pressure is getting tired, but the cleaner read here is price behavior itself: lower highs through mid-December, a sharp dip, then a rebound that still needs follow-through. Volume also matters because rebounds on thin participation can fade quickly, while strong participation can signal real demand, not just short covering.

Conclusion

Evernorth’s $220 million paper drawdown is not a verdict on XRP, but it is a reminder of how quickly sentiment can flip when a large position meets a choppy market. For XRP price, the near-term story is straightforward: hold above the recent $1.77 low, reclaim lost ground closer to $2.00, and prove that ETF-era demand can translate into durable spot strength.

Frequently Asked Questions

Why is Evernorth’s loss called “unrealized”?

It is unrealized because the shortfall is based on current market price versus purchase cost, and it only becomes a realized loss if the position is sold at a lower price.

If ETFs are seeing inflows, why is XRP down?

ETF inflows can be steady while spot price falls if the broader market is risk-off, liquidity is thinner, or sellers are more aggressive in the short term than buyers.

What levels matter most right now?

Recent data highlights $1.7723 as the 30-day low and $2.2730 as the 30-day high, making them key reference points for support and resistance.

Glossary of Key Terms

Cost basis: The average price paid for an asset, used to measure profit or loss versus the current market price.

Unrealized loss: A paper loss that exists on price but is not locked in unless the position is sold.

Support: A price zone where demand has previously been strong enough to slow or stop declines, such as the recent $1.7723 low.

Resistance: A price zone where selling has previously capped rallies, such as the recent $2.2730 peak.

Volume: A measure of how much is traded in a period, often used to judge whether a move has strong participation.

Spot ETF: A regulated fund designed to track the spot price of an asset, allowing exposure through traditional brokerage rails.

References

Crypto Briefing

Investingcom

coinglass