XRP’s price remains subdued despite growing adoption, with Evernorth CEO Asheesh Birla attributing the disconnect to limited large-scale institutional usage.
Birla said on March 21 that while network activity is increasing, XRP has yet to function as a liquidity bridge at the scale required to drive sustained demand.
“A commentary I’ve heard within the XRP community this month is some version of ‘why is XRP price dislodged from adoption metrics?’”
Said Evernorth CEO Asheesh Birla.
He added that XRP’s long-term value depends on banks and businesses using it as working capital, rather than relying primarily on retail-driven activity.
“We see signals that institutional use is growing, just not as fast as the traffic from everyday people,”
Said Evernorth CEO Asheesh Birla.
Market data shows XRP trading in a narrow range between $1.45 and $1.49, even as institutional interest expands through products such as spot ETFs that have attracted more than $1.3 billion in inflows within 50 days.
Evernorth has also moved to strengthen its positioning by filing a Form S-4 with the US Securities and Exchange Commission for a Nasdaq listing while holding approximately 388 million XRP as a treasury reserve asset, underscoring a broader strategy to integrate the token into financial infrastructure beyond payments.
At the time of reporting, XRP price was $1.41.