XRP Price Surges 2% As Crypto Treasury Firms Like Evernorth Suffer Heavy Losses

The XRP price has surged 2% in the last 24 hours, to trade at $2.31, on a 28% drop in the daily trading volume, to $7.47 billion.

The surge in XRP price comes as the month-long decline in the broader crypto market begins to expose heavy losses for digital asset treasury companies that hold large crypto reserves. According to CryptoQuant, XRP-focused treasury firm Evernorth has recorded about $78 million in unrealized losses just weeks after acquiring the asset.

Bitcoin treasury giant Strategy (MSTR) has also been hit hard, with its stock dropping 26% in the past month and 53% from its all-time high, though it still holds gains with an average Bitcoin cost basis of around $74,000.

Meanwhile, BitMine, the largest Ether-holding firm, faces roughly $2.1 billion in unrealized losses from its 3.4 million ETH reserves after acquiring 565,000 ETH in the past month. Analysts warn that the valuation of digital asset treasuries (DATs) now depends heavily on their crypto holdings’ market performance, drawing comparisons to the dot-com bubble.

Venture firm Breed suggests only the strongest players, especially Bitcoin-focused ones, will survive the downturn. Ray Youssef, founder of NoOnes, predicts that most DATs will fade or collapse as market realities challenge speculative business models.

XRP Signals Bullish Reversal as Price Targets $2.60 Reward Zone

XRP is showing early signs of a bullish reversal after rebounding from a key ascending trendline, suggesting renewed buying pressure in the short term. The token is trading around $2.26, down slightly by 0.58% in the last 24 hours, but maintaining an upward structure on the 3-hour timeframe.

The chart shows XRP forming higher lows along a diagonal support line, indicating that buyers are gradually regaining control after a period of consolidation. This setup aligns with the bullish reversal zone, where previous dips found consistent support. If momentum sustains, XRP could climb toward the reward zone near $2.45–$2.60, a region that previously acted as both support and short-term resistance.

XRPUSDT Analysis Source: Tradingview

Above this level, the resistance zone around $2.70–$2.80 marks a critical barrier. A successful breakout above this range would confirm a continuation of the bullish trend and potentially open the path toward the $3.00 psychological level.

On the technical side, the Relative Strength Index (RSI) sits around 46, trending upward after rebounding from oversold levels. This suggests growing buying strength, though the indicator still needs to cross above the 50 mark to confirm bullish momentum. The short-term moving average has also started flattening out, hinting at a possible trend reversal as selling pressure weakens.

However, if the price fails to maintain support along the ascending trendline, XRP could revisit lower levels near $2.10, invalidating the bullish setup. Traders should watch for a clear break and close above $2.40, which would confirm the reversal and strengthen confidence in a short-term rally.