Evernorth, the largest corporate holder of XRP, is experiencing a $490 million unrealized loss on its $1.1 billion investment in the cryptocurrency. The company holds 473.28 million XRP, acquired at an average price of $2.45 per token. The downturn in the crypto market since Q4 2025 has led to a significant drop in XRP's price, currently trading at $1.42. The worst point for Evernorth came on February 6, when XRP's price fell to $1.10, resulting in a $642 million paper loss. For Evernorth to break even, XRP would need to rise by 73% to reach the company's realized price of $2.455. Despite the losses, Evernorth appears to be maintaining its position, similar to Strategy's approach with Bitcoin, which eventually led to substantial profits.