Ripple Just Found a Way to “Unlock” $92B in XRP — Here’s What It Means

• Ripple currently holds 35 billion XRP, worth about $92 billion, which could be used in treasury or partnership plans, including with Evernorth XRP.
• Ripple-backed Evernorth Holdings is merging with Nasdaq-listed Armada Acquisition Corp II in a deal expected to close in Q1 2026, potentially generating over $1 billion.

Ripple CTO David Schwartz has confirmed that the company can sell rights to XRP tokens currently locked in escrow. This will effectively allow the firm to monetize future holdings without breaching the escrow agreement. The recent confirmation comes during the ongoing debate surrounding XRP’s market valuations, as reported by CNF.

This mechanism enables Ripple to pre-sell XRP that will be released at a later date, offering a way to raise capital or fund operations while maintaining the locked status of the tokens. Ripple currently holds 35 billion XRP in escrow, valued at approximately $92 billion, which could potentially be used in future treasury or partnership plans, including with firms such as Evernorth XRP.

As mentioned in our previous article, Evernorth Holdings, a digital asset venture backed by Ripple Labs, has announced a merger with Armada Acquisition Corp II, a Nasdaq-listed special purpose acquisition company (SPAC). The transaction is expected to close in the first quarter of 2026 and could generate proceeds exceeding $1 billion.

Following the merger, Evernorth plans to expand its digital asset treasury, aiming to build one of the world’s largest XRP reserves through open-market purchases. XRP remains the fifth-largest cryptocurrency by market capitalization, though it has experienced significant volatility in recent weeks.

As of now, XRP price is trading 6.22% down at $2.46 amid a strong broader crypto market correction. Despite this, it still continues to remain in a positive territory on the weekly chart.

Demand for Spot XRP ETF Grows

With spot crypto ETFs, for Litecoin, Solana, HBAR going live this week on Wall Street, the demand for a spot XRP ETF has surged significantly. The Bitwise Solana ETF made a strong debut with more than $55 million in inflows registered on the first day, as per the CNF report.

Now, Bitwise CEO Matt Hougan predicts that an XRP ETF could see even more. Bitwise Chief Investment Officer Matt Hougan expects a strong market debut for a potential XRP exchange-traded fund (ETF). Speaking to DL News, Hougan said the XRP ETF could “easily become” a billion-dollar fund within its first few months of launch, far surpassing initial market expectations. He added:

“People underestimate it because the median opinion in crypto is pretty bearish on XRP. But what drives flows? A group of people that buys the asset — and the XRP Army is incredibly bullish and loves XRP.”

Currently, around 20 XRP ETF applications are pending with the U.S. SEC, trailing behind Bitcoin and Solana, which each have 23 filings. Ethereum follows with 16 pending applications, according to Bloomberg Intelligence ETF analyst Eric Balchunas. Balchunas projects that the total number of crypto assets with listed ETFs, currently fewer than five, could exceed 200 over the next year.