XRP clings to $1.25 as Evernorth’s rumored $655M purchase stays unconfirmed

Speculation in a risk-off environment can cut both ways. At the moment, Ripple is the focal point of wild speculation. A post on X suggested that Evernorth, an XRP treasury company, may purchase $655 million worth of XRP next week. The social media post went viral, sparking market activity. Bulls welcomed the news as a possible catalyst for an XRP rally in November, while skeptics argued that it was simply unsubstantiated rumor that could mislead the market. As the below post shows, many users questioned the post, arguing that it was just a means to increase engagement. Either way, this rumor may affect XRP’s market performance. With Evernorth already in the spotlight over its recent XRPN listing, any news tied to the firm could trigger fresh speculation around XRP.

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