Ripple’s SPAC initiatives are making headlines as a $1 billion special purpose acquisition company backed by major players aims to build the largest public XRP treasury. The Ripple SPAC has secured support from Pantera Capital, Kraken, and Evernorth, and comes alongside bold predictions that XRP could reach $10,000 by 2029.
Ripple’s SPAC Builds XRP Treasury Backed by Pantera, Kraken, Evernorth
The new Ripple SPAC represents a significant institutional bet on XRP’s future, with backing from Pantera Capital, Kraken, and Evernorth. The $1 billion initiative aims to create the largest publicly traded XRP treasury, signaling growing confidence in the digital asset’s long-term utility.
Pantera Capital, one of the oldest cryptocurrency investment firms, brings substantial credibility to the venture. Kraken, a major cryptocurrency exchange, also lends its support, as does Evernorth, demonstrating how diverse industries are exploring XRP treasury strategies.
Also Read: Top Analysts Share Their XRP Price Prediction For End of 2025
Analyst Projects $10,000 XRP by 2029
Analyst Remi Relief has set an ambitious price target, projecting XRP could reach $10,000 by 2029. The prediction is tied to potential regulatory shifts and institutional adoption.
Relief stated:
“Being in this space for so long and especially after doing so much research and networking…you start seeing & understanding patterns.”
The analyst also noted:
“Why before 2029?! Because that’s the first year of Trump’s Term. Dubbed “The Crypto President”, he wouldn’t allow any other POTUS to take full advantage of the current crypto space while simultaneously fixing the national debt issues in order to make and keep USA as the greatest nation.”
Relief further explained:
“Remember: The IMF/BIS chose XRP & XLM to pretty much be the backbone of the new world financial system. They only labeled XRP & BTC as ‘currencies’. The only 2 cryptos to have that honor as of now.”
Also Read: XRP Holders Could Reach Millionaire Status Within 60 Days, Analysts Say
The analyst emphasized the importance of securing XRP holdings, stating:
“For that reason I say…take your XRP off XLM off of the exchanges and put them in a cold wallet.”
Right now, the combination of institutional backing through the Ripple SPAC and bullish analyst predictions reflects growing optimism about XRP’s potential. The XRP treasury being built by the SPAC, with support from Pantera Capital, Kraken, and Evernorth, positions XRP for potential mainstream adoption in the financial system.
Credit: Source link
