Evernorth has reported a $225 million unrealized loss on its XRP holdings as the cryptocurrency's price remains below $2 for over a week. This marks a significant downturn from the $70 million in unrealized gains recorded in October. The decline is attributed to persistent selling pressure from both retail and whale investors, with fund flow indicators showing negative trends. Despite the price drop, the XRP spot ETF continues to see investor interest, with total net assets reaching $1.25 billion. Analysts suggest that unless the $2 support level is regained, XRP's price could further decline to approximately $1.5.