XRP Price Tests $1.40 as Evernorth Opens $132M Warrant Route

Key Insights XRP price approached $1.40 after the SEC declared Evernorth’s warrant registration effective. Evernorth could receive $132.25 million if investors exercise all 11.5 million warrants for cash. Bitfinex XRP long positions reportedly reached 5.088 million tokens, their highest in three weeks. XRP price approached $1.40 on October 21 as Ripple-backed Evernorth Holdings advanced its warrant registration. The U.S. Securities and Exchange Commission (SEC) declared the registration effective on October 19. The filing covers nearly 11.5 million shares, potentially generating $132.25 million through warrant exercises. Meanwhile, Bitfinex traders increased their XRP long exposure during the cryptocurrency’s recovery.