XRP is drawing renewed long-term attention as analysts anticipate stronger market adoption and institutional demand for the token. At the same time, Evernorth is advancing a proposed Nasdaq deal that could expand corporate exposure to XRP and strengthen its role as a treasury asset, while supply dynamics remain a key consideration. Publicly listed corporate crypto treasuries became a recognized category after MicroStrategy's multi-year Bitcoin accumulation showed that listed companies can hold digital assets on their balance sheets at scale, and a Nasdaq-listed XRP vehicle would extend that model to another major token.

At the time of writing, XRP trades at $1.42, with a 24-hour trading volume of $4.24 billion and a market capitalization of $89.35 billion, according to data from CoinMarketCap. Despite signs of stability over the past 24 hours, XRP's price structure and its institutional adoption point to a bullish reversal ahead.

XRP Could Reach $7 With a $500 Billion Market Cap

According to crypto analyst EGRAG CRYPTO, XRP could reach approximately $7 by June 2029 if its market capitalization climbs to $500 billion. Source: EGRAG CRYPTO's X post.

With roughly 62.74 billion XRP currently circulating, a $500 billion market capitalization would value each token near $7.97. However, assuming Ripple maintains an estimated net distribution pace of 268 million XRP per month, the circulating supply could rise to approximately 71.9 billion.

Under that estimate, a $500 billion valuation would put the price of each XRP at around $6.96. The outcome depends on future escrow releases, which would place the adjusted range between $6.85 and $7.20. It should be noted, however, that not all escrowed XRP is expected to be released for transactions. Ripple has historically locked a large share of total XRP supply in escrow and releases portions on a set schedule, which is why circulating-supply assumptions drive the per-token math at any given market capitalization.

Evernorth Files S-4 Amendment for Nasdaq XRP Deal

Data highlighted by BankXRP shows that Evernorth has amended its S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) through Amendment No. 7, moving closer to completing the proposed merger between the company and Armada Acquisition Corp. II. Source: BankXRP's X post.

An S-4 is the registration statement filed with the SEC when new securities are issued as part of a merger, and successive amendments typically reflect the company and the regulator working through disclosure questions before the filing can be declared effective. Once the statement is effective and shareholders approve the combination, the merged entity can proceed to complete the transaction and its planned listing.

The merger could bring Ripple's XRP-focused treasury management closer to the market, as the merged entity plans to list on Nasdaq under the ticker XRPN. The deal would create a publicly held entity focused on holding and managing XRP as a corporate treasury asset, and both Evernorth and Armada have been working to streamline the transaction as the process advances. Such a listing would place an XRP treasury strategy inside the conventional equity market, where shares trade in ordinary brokerage accounts rather than on crypto exchanges.

Although the new filing has not yet confirmed any near-term listing, Evernorth is evidently moving closer to becoming a publicly held XRP treasury corporation.

Despite the bullish price predictions and institutional adoption, XRP's price is currently moving downward. However, the broader trend in the crypto market has been improving, and XRP could soon witness a breakout if conditions remain favorable.

What Happens Next for XRP?

Potential triggers for XRP moving forward include developments with Evernorth's Nasdaq deal, regulatory news, and changes in circulating supply. Investor sentiment is expected to remain closely tied to institutional interest in XRP, the accumulation of the token within the Ripple treasury, and key technical resistance levels.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.